Jack Dorsey’s Square Adds Bitcoin Payments, Block Stock Jumps

Square is bringing Bitcoin into the hands of everyday merchants. The payments platform, owned by Block, has begun rolling out native Bitcoin payment support, letting sellers accept BTC directly through Square’s system.

The announcement followed a post on social media platform X from Block CEO Owen Jennings: “Today we’re onboarding our first few Square sellers for the new native Bitcoin acceptance experience this is the way!”

Good to know

• Square is launching Bitcoin payments using a simple QR code system.
• Block’s stock jumped 10% after joining the S&P 500.
• Bitcoin payments aim to cut fees and improve speed for merchants.

Block confirmed back in May that BTC payments would be added to Square. The company said at the time that customers would be able to pay by scanning a QR code at checkout. That rollout is now underway, giving merchants a new payment option that ties into Block’s larger crypto vision.

Miles Suter, Bitcoin product lead at Block, explained the broader mission behind the move:

“Block has long been a champion of Bitcoin, focused on making it more accessible and usable in our everyday lives. Rolling out a native Bitcoin experience to millions of sellers brings us one step closer to that goal.

When a coffee shop or retail store can accept Bitcoin through Square, small businesses get paid faster, and get to keep more of their revenue. This is about economic empowerment for merchants who like to have options when it comes to accepting payments.”

The update arrives at a strong moment for Block. The company was recently added to the S&P 500, and its stock price climbed 10% shortly after the announcement. Founded by Jack Dorsey in 2009, Block has continued to expand its presence across both traditional payments and blockchain infrastructure.