Financial technology service Square, a part of Block, has launched an integrated solution for payments in the leading cryptocurrency.

Entrepreneurs can now accept, store, and convert digital gold through their POS terminals.

No transaction fees will be charged until 2027, after which Square will introduce a 1% fee.

The service has also added a bitcoin wallet for sellers, allowing them to buy, sell, store, and withdraw cryptocurrency directly from the dashboard. Companies can now automatically convert up to 50% of daily revenue into digital gold, up from the previous limit of 10%.

Miles Suter, Block’s Head of Bitcoin Products, stated that bitcoin payments should be as simple as card payments. He added that these tools will give small businesses access to financial opportunities previously available only to large corporations.

The launch reflects Block co-founder Jack Dorsey’s ambition to transform bitcoin from a speculative asset into a medium for everyday transactions.

According to TechCrunch, merchants using the program have already converted 142 BTC, worth approximately $17.5 million at the current rate.

Bitcoin currently holds a modest position in commercial transactions, but its use is gradually expanding. eMarketer forecasts that by 2026, the number of U.S. residents using cryptocurrency for payments will increase by 82% compared to 2024.

However, data from the Kansas City Fed indicates that in 2024, less than 2% of Americans used digital assets for transactions, down from nearly 3% two years earlier. The agency noted that new legislation on stablecoins could alter this trend.

Following the news, Block’s shares rose by 2.5% to $81, the highest level since February.