Jack Dorsey’s payments company Block has launched Bitcoin payments for Square users, enabling more than 4 million merchants worldwide to accept crypto at checkout.
Key Takeaways
- Square merchants can now accept Bitcoin payments directly through point-of-sale terminals.
- Traders can settle in BTC, fiat, or a combination, with no fees until 2027.
- Payments are powered by the Bitcoin Lightning Network for faster and cheaper transactions.
- A global map showing Bitcoin-accepting merchants is now live in the Cash App.
What Happened?
Block Inc., the parent company of Square and led by Jack Dorsey, has officially launched Bitcoin payment capabilities for over 4 million merchants using Square’s point-of-sale (POS) system. This move allows sellers to accept Bitcoin and settle in BTC, fiat, or a mix of both, using real-time conversion tools backed by the Lightning Network. The rollout features zero fees until 2027, after which a 1 percent transaction fee will apply.
It’s here.
— Jacob Szymik (@JacobSzymik) November 10, 2025
Starting today, over 4 million Square sellers can accept Bitcoin at checkout.
Zero fees until 2027.
Instant settlement.
Global freedom.
The switch is flipped – and this is only the start.@Square | @block | #Bitcoin ⚡️
pic.twitter.com/q03dpLxdz7
Square Bitcoin Is Now Live for Millions
Square merchants across eight countries, including the United States, United Kingdom, France, and Japan, can now activate Bitcoin payments directly from their Square dashboards. The system allows for Bitcoin-to-Bitcoin, Bitcoin-to-fiat, fiat-to-Bitcoin, and fiat-to-fiat settlements, giving businesses flexibility without technical hurdles.
Currently, Bitcoin payments are limited to in-person transactions, but online and invoicing capabilities are in development, according to Square account executive Jacob Szymik. This positions the new system as a step toward mainstream adoption while still in phased rollout.
Lightning Network and Auto-Conversion
The backbone of these payments is the Bitcoin Lightning Network, a scaling solution that allows for nearly instant and low-cost transactions. This makes it feasible for small businesses to accept Bitcoin without the high fees or slow confirmations traditionally associated with crypto payments.
Sellers can also opt to automatically convert a portion of their daily card sales into Bitcoin, as part of the Square Bitcoin product suite. This feature complements other Block offerings, including the Bitkey self-custody wallet and the Cash App’s ability to buy, sell, and transfer Bitcoin.
Community Response and Early Adoption
Reports of real-world usage are already rolling in. Parker Lewis of Zaprite confirmed he bought coffee with Bitcoin using Square at Medici, a Texas-based roaster. Katie Ananina, CitizenX’s CMO, praised the move as transformative for small business adoption, saying:
A live map of Bitcoin-accepting shops has also gone live within the Cash App, offering users a quick way to find local businesses that support the new feature.
Block’s Broader Crypto Vision
Block’s Bitcoin push reflects its broader vision of building financial tools that serve both sides of the counter. Head of Bitcoin Product Miles Suter said the goal is to make Bitcoin as seamless as credit card payments, while offering small businesses tools that were once reserved for large enterprises.
In Dorsey’s third-quarter shareholder letter, he wrote, “Square Bitcoin is the first fully integrated Bitcoin payments and wallet solution for businesses.” This integration aligns with Dorsey’s advocacy for everyday Bitcoin use and his call for a de minimis tax exemption on small crypto transactions in the U.S., an effort to reduce tax reporting burdens for minor purchases.
CoinLaw’s Takeaway
Honestly, this is one of the biggest leaps forward for crypto adoption in years. In my experience, onboarding businesses to accept Bitcoin was always complicated, slow, and full of friction. What Square just did cuts through all that. By offering a trusted POS system, built-in conversion options, and zero fees, they have essentially removed every barrier. And the Lightning Network integration? That’s the real game changer. I found the user reports especially telling – this is not just hype, it’s already happening. I can’t wait to see this rollout go global and hit the online space next.
