Square, the payment platform owned by Jack Dorsey’s Block, has officially rolled out its Bitcoin payment option for sellers, enabling businesses to accept BTC directly at checkout through the company’s point-of-sale (POS) system.
Announced Monday on X by Dorsey himself, the new feature gives merchants full flexibility in how they transact – allowing Bitcoin-to-Bitcoin, Bitcoin-to-fiat, fiat-to-Bitcoin, or fiat-to-fiat conversions at the point of sale.
Bitcoin Payments Go Live – With No Fees Until 2027
Jacob Szymik, an account executive at Square, confirmed that Bitcoin payments are currently available only for in-person sales, though online and invoicing options are already in development. He also reiterated that no transaction fees will apply until 2027, after which a 1% fee may be introduced – still significantly lower than traditional credit card fees that range between 1.5% and 4%.
Square had previewed this move in October when it introduced a feature allowing sellers to convert part of their daily card sales into Bitcoin, signaling growing integration between Square’s merchant tools and the broader Square Bitcoin ecosystem.
Early Adoption and Real-World Use
Square’s payment network includes more than four million merchants across eight countries, including the U.S., U.K., France, and Japan. Several users have already reported live Bitcoin transactions through the system.
Parker Lewis of payment platform Zaprite shared that he personally witnessed Bitcoin payments in action, buying coffee at Medici Roasting in Texas. Meanwhile, CitizenX’s marketing officer Katie Ananina described her own Bitcoin purchase at the same café as a milestone for crypto adoption, noting how Square’s system “removes years of onboarding friction” for merchants new to Bitcoin.
Bitcoin Map and Mainstream Push
To encourage adoption, Dorsey also announced a global Bitcoin merchant map, built by the Cash App product team, showing all stores worldwide that accept BTC via Square. He urged users to “convince local Square sellers to turn on Bitcoin acceptance” and to hold the BTC they earn “as protection against dollar debasement.”
The feature’s release reflects Square’s larger vision of making Bitcoin a mainstream payment method, aligning with Dorsey’s long-term belief in decentralized, open financial systems.
