"Square's new feature allows eligible U.S. sellers to accept bitcoin payments automatically, shifting from a voluntary opt-in system to a default setting. This change aims to simplify the payment process for merchants and customers alike."
"The integration of bitcoin payments is designed to abstract away volatility and settlement complexity, positioning bitcoin as a payment rail rather than a speculative asset for merchants."
"With the Lightning Network infrastructure, Square enables near-instant transactions, making bitcoin usable in everyday retail environments such as cafés, salons, and local shops."
"Miles Suter described the rollout as a foundational step toward bitcoin functioning as 'everyday money,' leveraging Square's extensive merchant network to drive adoption."
Square has started automatically enabling bitcoin payments for eligible U.S. sellers, transitioning from an opt-in feature to a default setting. Merchants will still receive USD as their settlement currency, with bitcoin payments converted seamlessly. This initiative, part of Square's broader push since 2025, aims to simplify bitcoin transactions for small businesses. The integration utilizes Lightning Network infrastructure for quick transactions, promoting bitcoin as a practical payment method rather than a speculative asset. Merchants can still opt out or adjust their preferences regarding bitcoin payments.
Read at Bitcoin Magazine
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