"The launch marks one of the most significant integrations of Bitcoin into everyday commerce to date. Square, the popular payments processor and business platform owned by Block, says roughly 4 million vendors now have access to Bitcoin payments, automatic conversions, and built-in wallets - all inside the same dashboard they already use to manage their sales and banking. "You can expand your customer base by accepting bitcoin payments and automatically receive them as BTC or USD," the company said in its launch statement."
""Our sellers can now receive btc to btc, btc to fiat, fiat to btc, or fiat to fiat," said Jack Dorsey, Chairman of Square. The feature first debuted last month at Compass Coffee in Washington, D.C., where a customer purchased a latte with Bitcoin during DC Fintech Week. That pilot - the first-ever Bitcoin payment processed on a Square terminal - demonstrated instant transactions using the Lightning Network. Square says the technology will now roll out nationwide, except in New York, where regulatory hurdles remain."
Square is rolling out native Bitcoin payments to roughly 4 million U.S. sellers, integrating payments, automatic conversions, and built-in wallets into existing Square dashboards. Merchants can accept Bitcoin via QR code, hold funds as BTC, or convert instantly to U.S. dollars. The platform offers options to auto-convert up to 50% of daily sales to Bitcoin and promises zero processing fees until 2027, no chargebacks, and instant access. A pilot at Compass Coffee used the Lightning Network for instant transactions. The rollout excludes New York due to regulatory hurdles. Internal survey data shows merchant interest in Bitcoin as a treasury asset.
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