Jack Dorsey’s Square on Monday announced it began automatically enabling bitcoin payments for millions of eligible U.S. small businesses, marking one of the most aggressive pushes yet to integrate crypto into mainstream commerce.
The Block (XYZ) subsidiary said businesses can now accept bitcoin with no additional setup requirements and with transactions instantly converted into U.S. dollars at checkout. The feature includes near-instant settlement and zero processing fees through 2026, it added.
Merchants who accept bitcoin for the goods and services they are selling will receive U.S. dollars by default, removing exposure to price volatility and eliminating the need for custody or accounting changes, the company has said in previous statements.
Square’s user-base are currently 78% from U.S. and 22% from international markets, according to its recent investor presentation.
Square’s integration could significantly expand Bitcoin’s real-world payment footprint. Rather than targeting crypto-native users, the company is integrating bitcoin payment tools systems already used by millions of small businesses for payments, inventory and payroll.
Source: X.com
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