Square Launches Bitcoin Payments for U.S. Merchants

Square, the payments company under Jack Dorsey’s Block Inc., has officially launched a new service allowing U.S. merchants to accept Bitcoin payments at checkout, store the cryptocurrency in a built-in wallet, and pay zero transaction fees until 2026. The move deepens Square’s commitment to integrating Bitcoin into everyday commerce as the move was expected a few months ago as reported by iGaming.org at the time.

Good to Know

• Merchants can hold Bitcoin in a built-in wallet via the Square dashboard.
• Transaction fees are waived until 2026, with a 1% fee beginning Jan. 1, 2027.
• The feature is available to U.S. sellers, excluding New York, and not yet open internationally.

Making Bitcoin Practical for Businesses

Square’s new Bitcoin feature gives local businesses the ability to accept BTC at the point of sale and automatically convert part of their sales into Bitcoin. Funds are stored in a dedicated Bitcoin wallet, integrated directly into Square’s merchant dashboard, where sellers can also buy, sell, or withdraw their holdings.

With over 4 million merchants using Square’s payment system, the rollout could play a major role in accelerating crypto adoption among small and mid-sized businesses across the United States.

Square said the product reflects a growing demand from merchants who want to embrace Bitcoin as a payment option while maintaining control over their digital assets.

The initiative aligns with Block Inc.’s long-term Bitcoin strategy and Dorsey’s vision of building a financial system powered by decentralized technology.

Dorsey, a longtime Bitcoin supporter, previously integrated BTC trading into Cash App, Block’s popular peer-to-peer payments service. He has also backed the development of open-source Bitcoin mining systems designed to lower costs and improve energy efficiency in the sector.

According to industry data, Block Inc. currently holds 8,692 BTC on its corporate balance sheet, making it the 13th-largest public Bitcoin holder worldwide.