Crypto

Square Launches Its Bitcoin Payment Feature for Over 4M Sellers

David Parker
David Parker
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The Square POS system now allows merchants to opt in and process payments in Bitcoin

Square has officially rolled out its Bitcoin payment feature, giving more than four million sellers worldwide the ability to accept cryptocurrency at checkout. The launch allows merchants using Square’s point-of-sale system to opt in and process payments in Bitcoin, marking a major step in integrating digital assets into everyday commerce.

Jack Dorsey, co-founder of Block, Square’s parent company, announced the launch on X, explaining that merchants can now choose between Bitcoin-to-Bitcoin, Bitcoin-to-fiat, fiat-to-Bitcoin, or fiat-to-fiat transactions. The flexibility gives sellers full control over how they receive payments, appealing to both crypto enthusiasts and traditional business owners looking to expand payment options.

Currently, the feature is limited to in-person transactions through Square’s physical terminals. However, Square account executive Jacob Szymik confirmed that online and invoice-based Bitcoin payments are already in development. He also noted that sellers will pay no processing fees until 2027, after which a 1% fee will apply—still lower than typical credit card fees of 1.5% to 4%.

Square had previously tested Bitcoin integration in October, introducing a feature that allowed merchants to automatically convert part of their daily sales into Bitcoin. The broader rollout came sooner than expected, as the company initially planned a full launch by 2026. The initiative is part of the Square Bitcoin product suite, designed to merge digital currency payments with everyday retail operations.

Reports from early adopters show the system is already live in places like Medici Coffee in Texas, where customers have successfully paid using Bitcoin. Users and crypto advocates celebrated the move as a milestone for Bitcoin adoption, saying it simplifies merchant onboarding and normalizes cryptocurrency use in small businesses.

To complement the launch, Square also released a global map showing all Bitcoin-accepting merchants. Dorsey encouraged consumers to support these businesses, calling it an important step toward strengthening the use of Bitcoin in the real economy.

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