Square Launches Bitcoin Payment Service for U.S. Merchants

Square, the payments company owned by Jack Dorsey’s Block Inc., has unveiled a new feature that allows U.S. merchants to accept Bitcoin (BTC) payments directly at checkout, marking a major step toward mainstream cryptocurrency adoption.

The service enables businesses to receive Bitcoin payments, hold BTC in an integrated wallet, or automatically convert a portion of their sales into the digital currency. Square has announced zero processing fees through 2026, with a modest 1% transaction fee set to begin in 2027.

Available to U.S. sellers (excluding New York State), the feature integrates seamlessly into Square’s existing merchant dashboard, which already serves more than 4 mln businesses. Merchants can use the dashboard to buy, sell, or withdraw Bitcoin as needed.

The rollout aligns with Jack Dorsey’s long-standing vision of Bitcoin as a universal digital currency. Dorsey, a vocal crypto advocate, has previously introduced Bitcoin features in Cash App and launched initiatives to create open-source Bitcoin mining systems.

According to industry data, Block Inc. currently holds 8,692 BTC, making it the 13th-largest public Bitcoin holder globally.

Square’s move comes amid renewed optimism for crypto payments, driven by improving U.S. regulations and growing public trust in digital assets. Research from eMarketer projects an 82% increase in U.S. crypto payment usage between 2024 and 2026, signaling a new wave of adoption for digital finance.