Square, owned by Block Inc., has launched Bitcoin payment support for more than four million merchants across the globe. The rollout opens a new chapter for digital payments, offering instant settlement with zero processing fees through 2027. It also strengthens Bitcoin’s role in everyday commerce. Merchants can activate the feature directly from their Square dashboard, making adoption direct and accessible.
Square Merchants Go Live with Bitcoin Payments
Jack Dorsey announced the update on X, noting that Square sellers now have full flexibility over how they send and receive funds. The system supports four settlement flows: BTC to BTC, BTC to fiat, fiat to BTC, or fiat to fiat. This structure enables merchants to select what suits their business model without introducing unnecessary complexity. The update also brings transparency, as transactions settle on the Bitcoin blockchain.
our sellers can now receive btc to btc, btc to fiat, fiat to btc, or fiat to fiat. https://t.co/NnLsd3fgEb
— jack (@jack) November 10, 2025
Industry voices see the move as a strong signal for the broader digital economy. Hunter Horsley, CEO of Bitwise Invest, highlighted the scale of the rollout, noting that “four million merchants can now accept Bitcoin as a medium of exchange.” His remark reflected a significant shift toward the use of digital currency in daily transactions, rather than speculation alone.
The new feature arrives with merchant-friendly incentives. Payments processed in Bitcoin will carry no fees until the end of 2027. The built-in conversion tool allows merchants to automatically convert a preferred percentage of their daily sales into Bitcoin. This means businesses can adopt BTC without managing volatility or separate wallets. The rollout aligns with Dorsey’s vision of Bitcoin as a global financial base layer. His long-standing advocacy for Bitcoin as a neutral currency now moves from ideology to real-world implementation.
Financial Context and Growing Market Confidence
The update comes amid mixed quarterly earnings for Block Inc. The company posted earnings of $0.54 per share, below analyst expectations of $0.67. Revenue came in at $6.11 billion, slightly under the projected $6.31 billion. Yet Square’s gross payment volume increased by 12% year over year, signaling steady merchant performance. Despite short-term earnings fluctuation, core operations continue to grow.
Market analysts view the Bitcoin payment rollout as a strategic advantage. It reduces processing friction, lowers operating costs, and increases settlement speed. It also gives merchants access to cross-border payments without traditional banking delays. The timing aligns with Bitcoin trading around $105,000, reinforcing rising confidence in digital currency as a working financial tool, not just an investment.
With this move, Block strengthens its position as a leader in fintech innovation. The update marks a clear step toward normalizing Bitcoin in everyday business. The introduction of easy, fee-free adoption may accelerate the pace of cryptocurrency integration across global commerce.
