Square Introduces Bitcoin POS Payments In Major US Expansion

bitcoinistPublicado a 2026-04-01Actualizado a 2026-04-01

Resumen

Square, a financial services company, has launched a major US expansion of its Bitcoin point-of-sale payment system. As part of the initiative, businesses that accept Bitcoin will pay no processing fees for the next two years, until the end of 2026. The program is designed to help small merchants adopt new payment methods without incurring transaction fees. By default, merchants receive US dollars in their accounts instantly, eliminating exposure to Bitcoin's price volatility. However, they can also choose to "stack" a portion of their daily sales in Bitcoin. The rollout began in October 2025 and is scheduled to be available to all eligible Square users by November 10, though businesses in New York are currently excluded due to state regulations. This move is part of a larger trend of financial companies integrating digital assets into traditional services, such as using cryptocurrency as collateral for mortgages and loans.

Businesses that accept Bitcoin will pay no processing fees for the next two years as part of a new push to move digital currency into the everyday economy.

This fee waiver, which lasts until the end of 2026, aims to remove one of the biggest hurdles for small shops and local vendors who want to try new payment methods without losing money on transaction costs.

Instant Cash Conversions For Local Shops

The plan allows US merchants to accept Bitcoin while receiving US dollars in their accounts by default. This setup removes the risk of price swings that often make business owners nervous about digital assets.

When a customer pays at the counter, the system converts the crypto into cash immediately. Reports show that this feature requires no extra setup for those who qualify, and the money moves into the merchant’s balance almost instantly.

While the default setting is to receive cash, there is a choice for those who want to keep some of the digital currency. Owners can set their accounts to “stack” a portion of their daily sales in crypto instead of taking the full amount in dollars.

Data shows that the rollout began on Monday and should reach all eligible Square users by Nov. 10. Businesses based in New York are currently excluded from the program due to specific state regulations.

Big Tech Moves Toward Everyday Crypto

Jack Dorsey, the head of Block, shared the news following an announcement from the company’s Bitcoin product lead, Miles Suter. The goal is to make these transactions feel like using “everyday money” for millions of businesses.

Block currently holds 8,883 BTC on its own books, which ranks it as the 14th-largest public holder of the asset. The company bought its supply at an average price of $32,939 per coin, according to BitcoinTreasuries.net.

Bitcoin is now trading at $66,537. Chart: TradingView

The move by Square is part of a larger trend where financial companies are blending traditional banking with digital assets.

For instance, some mortgage lenders now allow people to use their crypto holdings to meet loan requirements without selling their coins first.

Image: PYMNTS

Other platforms like Coinbase and Kraken have also brought back programs that let users borrow cash against their Bitcoin.

Expanding Financial Options For Borrowers

Recent reports indicate that this shift is reaching into the housing market as well. Better Home & Finance recently teamed up with a major exchange to allow buyers to use their digital assets as collateral for down payments on home loans. This allows a homeowner to secure a mortgage while keeping their investment intact.

Featured image from Unsplash, chart from TradingView

Preguntas relacionadas

QWhat is the duration of the fee waiver for Bitcoin payments offered by Square, and what is its purpose?

AThe fee waiver lasts until the end of 2026. Its purpose is to remove a major hurdle for small businesses by allowing them to try new payment methods without incurring transaction costs.

QHow does Square's system protect merchants from Bitcoin's price volatility?

AThe system is set by default to convert Bitcoin payments into US dollars immediately and deposit the cash into the merchant's account, thus removing the risk of price swings.

QWhich US state is currently excluded from Square's Bitcoin payment program and why?

ABusinesses based in New York are excluded from the program due to specific state regulations.

QAccording to the article, what is the significance of the date November 10 in relation to this rollout?

AThe Bitcoin Payments Acceptance feature is scheduled to be live for all eligible Square users by November 10.

QBeyond Square, what other example does the article give of crypto integration into traditional finance, specifically in the housing market?

AThe article states that Better Home & Finance teamed up with a major exchange to allow buyers to use their digital assets as collateral for down payments on home loans.

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