Square Rolls Out Bitcoin Payment Feature to Its 4 Million Seller Network
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On November 10, the payment processor Square announced a feature enabling its network of sellers to accept Bitcoin as a payment method. This integration allows any merchant using Square’s point-of-sale system to give customers the option to pay with Bitcoin at checkout.
Zero Processing Fees for Bitcoin Payments Until 2027
Jack Dorsey, co-founder of Block and the owner of Square, disclosed in an X post that the company’s latest rollout would allow merchants to accept and settle transactions in different ways.
According to him, sellers can now process Bitcoin-to-Bitcoin, Bitcoin-to-fiat, fiat-to-Bitcoin, or fiat-to-fiat payments within the Square point-of-sale system. This structure provides sellers with more options for managing revenue and exposure to Bitcoin.
A significant financial incentive has been established to encourage adoption.
Merchants will pay zero processing fees on Bitcoin transactions until January 1, 2027, after which a 1% fee per transaction will apply.
Jacob Szymik, an account executive at Square, explained that Bitcoin payments are currently only available for in-person purchases through point-of-sale terminals.
He noted that online checkout and invoicing support are being developed and should be expected later.
https://twitter.com/JacobSzymik/status/1987866121072980290?s=20
With over four million sellers using Square across eight countries, the potential for mainstream Bitcoin adoption is substantial.
The zero-fee period offers a direct financial incentive for merchants to experiment. For buyers, this feature reduces reliance on traditional fiat systems and costly card networks. The barrier to everyday use is being lowered.
Dorsey also promoted a new global map displaying businesses that accept Bitcoin, suggesting that merchants who hold the asset could potentially hedge against currency devaluation.
https://twitter.com/jack/status/1987995933100171608?s=20
Square’s BTC payment rollout coincides with Dorsey’s previous advocacy for crypto policy reform. One of such reforms includes a tax-free threshold for small Bitcoin payments to encourage its use as a daily currency.
However, under the current tax code in the U.S., Bitcoin transactions are considered a taxable event. This has so far slowed down the asset’s adoption as a payment option.
Is Bitcoin Adoption Poised for a Bigger Leap in 2026?
Real-world testing of this new system is starting to pick up pace. Parker Lewis, a business development executive at the payment platform Zaprite, reported using Bitcoin to purchase coffee at a Texas roastery. Transactions such as these demonstrate that Bitcoin adoption is scaling beyond theory into daily routine.
At the same time, new tools are debuting to support larger use. In October, Bringin launched a platform that allows users to hold and manage Bitcoin alongside traditional currencies. Users can pay with Bitcoin where it is accepted and use euros where needed.
https://twitter.com/bringinxyz/status/1975818571277053989?s=20
Momentum continues to build across the industry. In late October, Strategy Chairman Michael Saylor projected that Bitcoin could reach $150,000 per coin before 2025 ends.
Bitcoin is moving from speculation to daily exchange, and the coming year may define what that shift looks like.
