Square, the payments platform of Block, has rolled out Bitcoin payments at its point-of-sale terminals for eligible U.S. sellers. The feature, now live in a phased launch, converts Bitcoin payments to U.S. dollars automatically.
Merchants receive payments in USD by default and can choose to stack Bitcoin from daily sales. The functionality eliminates volatility and custody risks for businesses.
Square says transactions settle instantly at checkout, require no additional setup, and incur zero processing fees until 2026. The feature is available to U.S. sellers meeting verification criteria-excluding those in New York.
Block, which ranks as the 14th-largest publicly traded holder of Bitcoin with 8,883 BTC, announced this move in May.
Bitcoin is also gaining traction in lending. Nexo, Coinbase, and Kraken are offering Bitcoin-backed loans. Meanwhile, traditional lenders like Rate are accepting crypto holdings for mortgage underwriting.
This expansion marks a significant step toward Bitcoin adoption as everyday money.