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Square, the payment arm of Block (NYSE: SQ), has introduced a new suite of bitcoin tools designed to make cryptocurrency use easier for small businesses across the U.S. The initiative, known as Square Bitcoin, enables sellers to accept bitcoin payments, automatically convert card sales into bitcoin, and manage their digital assets directly through the Square platform. The rollout begins November 10, offering zero processing fees for the first year and allowing merchants to convert up to 50% of daily sales into bitcoin automatically.
The launch represents a major step in mainstream crypto adoption, aligning with projections that crypto payments in the U.S. will surge 82% from 2024 to 2026. Until now, bitcoin accessibility has largely been limited to investors and tech-savvy users. Square’s move aims to bridge that gap by integrating bitcoin seamlessly into everyday commerce. For instance, a local café could now accept bitcoin payments from mobile wallets, automatically convert part of its earnings into bitcoin, and track all finances—fiat and digital—within a single Square dashboard.
Square reported that early adopters have already accumulated 142 bitcoin through its pilot conversion feature launched in 2024. This integration aligns with Block’s ongoing commitment to bitcoin innovation, complementing existing products like Cash App, the Bitkey hardware wallet, and Proto mining tools.
Miles Suter, Block’s head of bitcoin product, emphasized the mission to simplify crypto payments: “We’re making bitcoin payments as seamless as card payments.” By embedding bitcoin functionality within Square’s established payment and banking ecosystem, the company is empowering small businesses to enter the crypto economy confidently—without complexity or additional risk.
This latest offering reinforces Square’s role as a pioneer in bitcoin adoption for small businesses, merging traditional finance and crypto technology into one powerful, user-friendly platform.
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