Square Bitcoin payments is a new, fully integrated payments and wallet suite that lets merchants accept Bitcoin at checkout and convert or hold BTC in-dashboard, accelerating Jack Dorsey’s push to make Bitcoin a mainstream business currency.
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Square enables merchants to accept BTC with zero processing fees for one year
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Bitcoin Spot ETF inflows exceeded $5.3B over seven days, lifting AUM to $164.9B
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On-chain data shows addresses holding 100–1,000 BTC climbed to record levels, now holding >5.1M BTC
Square Bitcoin payments: Square launches integrated BTC payments and wallet for merchants — learn how this affects adoption and investors. Read more from COINOTAG.
What is Square Bitcoin payments and wallet?
Square Bitcoin payments is a merchant-facing suite that allows businesses to accept Bitcoin at checkout, automatically convert sales into BTC, and store or withdraw BTC from Square’s dashboard. Launched on 8 October, it includes a one-year zero-fee promotion for merchants to accelerate adoption.
How does Square integrate Bitcoin into everyday merchant tools?
Square embeds BTC checkout and a custodial wallet directly into its merchant dashboard. The integration converts fiat sales into BTC on request and supports withdrawals, aiming to convert transactional revenue into usable Bitcoin capital rather than a speculative asset.
Square’s move builds on Block’s multi-year Bitcoin strategy, following previous Cash App integrations and public advocacy from Jack Dorsey for Bitcoin as a native internet currency.
Why does this matter for Bitcoin adoption?
Front-loading payments and wallet functionality for small businesses reduces friction for retail Bitcoin use. By removing immediate processing fees and simplifying custodial flows, Square lowers barriers for merchants to accept and hold BTC as working capital.
How are institutional flows reacting to real-world adoption?
Timing has been notable: Bitcoin Spot ETFs recorded seven straight days of inflows totaling over $5.3 billion, pushing ETF assets under management to about $164.9 billion. This shows institutional appetite remains strong alongside merchant-level adoption.
Source: Sosovalue (data visualization)
What does on-chain data say about investor behavior?
On-chain metrics show mid-tier accumulation. Addresses holding 100–1,000 BTC (commonly called “shark” wallets) reached an all-time high in recent weeks and collectively hold over 5.1 million BTC. This cohort often includes smaller institutions and crypto funds.
Source: Glassnode (on-chain analytics)
How is the market reacting in the short term?
Despite the adoption news, Bitcoin corrected >2% over 24 hours amid profit-taking. Derivatives show rising Open Interest and funding rates, suggesting increased leverage and short-term overheating risks.
Technical indicators such as RSI near 60 point to healthy consolidation that could preserve the broader bullish trend if adoption continues to expand across institutional and merchant layers.
Frequently Asked Questions
Can small businesses accept Bitcoin using Square now?
Yes. Square’s new suite allows merchants to enable BTC checkout and offers a one-year promotion with no processing fees, plus options to convert or hold BTC within the Square dashboard.
Do Bitcoin ETF inflows affect merchant adoption?
ETF inflows do not directly change merchant behavior but increase institutional confidence and liquidity, which complements real-world payment integrations by improving market depth and investor sentiment.
What on-chain signals show institutional accumulation?
Rising balances in addresses holding 100–1,000 BTC and sustained ETF inflows are two measurable signals indicating accumulation by mid-tier investors and institutions.
Key Takeaways
- Merchant adoption: Square’s integrated BTC payments simplify acceptance and custody for small businesses.
- Institutional confidence: Sustained Spot ETF inflows (>$5.3B in seven days) lifted AUM to $164.9B.
- On-chain accumulation: 100–1,000 BTC addresses now hold >5.1M BTC, hinting at mid-tier accumulation ahead of broader moves.
Conclusion
Square Bitcoin payments represents a material step toward mainstream Bitcoin utility by combining checkout, custody, and conversion tools for merchants. Backed by large ETF inflows and on-chain accumulation, the update strengthens structural support for BTC adoption. Follow COINOTAG for ongoing coverage and data-driven analysis.
Published: 2025-10-08 | Author: COINOTAG | Updated: 2025-10-08
