Jack Dorsey’s Block Brings Bitcoin Payments to 4 Million Square Merchants

Block, Jack Dorsey’s payments company, has rolled out Bitcoin payments for all 4 million Square sellers, letting merchants accept BTC directly at checkout with zero fees until 2027.

What's the scoop?

• Quick BTC Payments: The new feature, powered by Bitcoin’s Lightning Network, enables instant settlement and optional auto-conversion between BTC and USD. Sellers can even convert some of their daily sales into Bitcoin, e.g. to hedge against inflation or to create a BTC treasury.
• Ramping Up: The integration follows last month’s live demo at a Washington D.C. coffee shop, marking the first Bitcoin transaction processed on a Square terminal. The program is now rolling out broadly, though excluding some jurisdictions like New York for regulatory reasons.
• Valid Tender: Dorsey, a longtime Bitcoin advocate, said Square’s role is to make “Bitcoin everyday money." Block already offers BTC trading via Cash App and self-custody through its BitKey wallet, making this new move the firm’s biggest effort yet to turn Bitcoin into real-world tender.

Bankless take:

Bitcoin’s new reach through Square is one of the largest retail integrations in crypto history. Millions of points of sale terminals now double as BTC distribution hubs, making everyday commerce a new front in Bitcoin's battle for mainstream adoption. Let's see if the program can gain serious traction from here.