Bitcoin payments are now live on Square, allowing over 4 million merchants worldwide to accept Bitcoin directly through Block Inc.’s payment system. This integration supports instant settlements via the Bitcoin blockchain and Lightning Network, with zero fees until 2027, enabling seamless BTC-to-BTC or fiat conversions for global traders.
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Over 4 million Square sellers can now accept Bitcoin at checkout, powered by Block Inc.
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Instant settlement and zero fees until 2027 simplify Bitcoin payments for merchants.
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Lightning Network integration ensures low-cost, near-instant transactions, boosting adoption with 8,000 BTC held by Block.
Discover how Bitcoin payments on Square revolutionize merchant transactions with instant settlements and zero fees until 2027. Enable global financial freedom today—activate now for seamless crypto integration.
What Are Bitcoin Payments on Square?
Bitcoin payments on Square represent a groundbreaking integration by Block Inc., formerly known as Square, enabling merchants to accept cryptocurrency directly at checkout. Launched on November 10, 2025, this feature allows over 4 million sellers worldwide to process Bitcoin transactions with instant settlement options, supporting both BTC-to-BTC and fiat conversions without added complexity. It leverages the Bitcoin blockchain for transparency and security, marking a significant step toward mainstream crypto adoption in everyday commerce.
How Does the Lightning Network Enhance Bitcoin Payments?
The Lightning Network serves as a layer-2 scaling solution for Bitcoin, facilitating off-chain transactions that settle almost instantly on the main blockchain. In Block’s implementation, it reduces fees to near zero and enables rapid processing, addressing Bitcoin’s traditional limitations in speed and cost for merchant use. According to blockchain experts, this network can handle millions of transactions per second, far surpassing on-chain capacity.
Block Inc. has integrated the Lightning Network into its Square dashboard, allowing merchants to activate Bitcoin payments effortlessly. Transactions executed on this network are not only faster but also more cost-effective, with fees projected at just 1% after the initial zero-fee period ending in 2027—far below standard credit card rates of 2.5% to 3.5%. Supporting data from Chainalysis reports highlights a 40% year-over-year increase in Lightning Network usage, underscoring its growing reliability for commercial applications.
Furthermore, the system supports auto-conversion to stable fiat currencies like the US dollar, providing merchants with flexibility amid Bitcoin’s price volatility. Expert analysts from financial firms note that this feature minimizes risk, as businesses can receive payments in preferred currencies while customers pay in BTC. Block’s commitment to this technology aligns with its broader crypto strategy, including holdings of over 8,000 BTC valued at approximately half a billion dollars, demonstrating deep investment in Bitcoin’s infrastructure.
Frequently Asked Questions
Can All Square Merchants Accept Bitcoin Payments Worldwide?
Yes, over 4 million Square merchants globally can now accept Bitcoin payments starting November 10, 2025. Activation occurs directly through the Square dashboard, supporting worldwide transactions via the Bitcoin blockchain and Lightning Network. This includes options for BTC-to-fiat conversions, ensuring accessibility without geographic restrictions, as confirmed by Block Inc.’s official announcements.
What Are the Fees for Bitcoin Payments on Square?
Bitcoin payments on Square come with zero fees until 2027, after which a nominal 1% fee applies for settlements. This structure provides instant processing and global reach, making it an attractive alternative to traditional payment methods. Merchants benefit from transparent, low-cost transactions that settle directly to their accounts, ideal for high-volume retail environments.
Key Takeaways
- Instant Bitcoin Adoption: Over 4 million merchants gain immediate access to Bitcoin payments, streamlining crypto integration without technical hurdles.
- Cost Efficiency: Zero fees until 2027 and Lightning Network support reduce transaction costs by up to 70% compared to credit cards, per industry benchmarks.
- Future-Proof Security: Irreversible transactions minimize fraud risks, while Block’s 8,000 BTC holdings signal long-term commitment to Bitcoin’s ecosystem.
Conclusion
Bitcoin payments on Square mark a pivotal advancement in digital finance, empowering millions of merchants with secure, instant transactions via the Lightning Network and blockchain technology. As Block Inc. continues to expand its crypto offerings, including hardware like the Bitkey wallet, this integration fosters greater financial inclusion and stability. Businesses are encouraged to activate these features today to capitalize on rising institutional demand and Bitcoin’s market resilience, positioning themselves at the forefront of the evolving payments landscape.
Former Twitter CEO and current Block Inc. leader Jack Dorsey announced the rollout of Bitcoin payments on November 10, 2025, via a post on X. He emphasized that sellers can now handle BTC-to-BTC, BTC-to-fiat, fiat-to-BTC, or fiat-to-fiat settlements seamlessly. This update extends to all merchants accepting Bitcoin worldwide, not limited to Square users.
Dorsey had teased the development earlier, confirming on April 3, 2025, that integration was underway, describing it as a complex but necessary evolution. Block provided further details last month, aligning the launch with promises of enhanced merchant capabilities.
The announcement highlighted: “It’s here. Starting today, over 4 million Square sellers can accept Bitcoin at checkout. Zero fees until 2027. Instant settlement. Global freedom. The switch is flipped – and this is only the start.” This feature promotes financial sovereignty through open systems.
Merchants access the tool via the Square dashboard, where buys execute on the Bitcoin blockchain for full traceability. Both BTC and fiat are supported, with Lightning Network ensuring low charges and speed. While Bitcoin transactions lack reversibility—unlike credit cards, eliminating chargebacks—this reduces fraud potential significantly.
Block’s prior investments underscore its dedication: holding over 8,000 BTC and developing products like the Bitkey hardware wallet. In Q3 2025, the company reported $6.11 billion in revenue, with Square’s gross payment volume up 12% year-over-year, despite missing estimates slightly at $0.54 per share earnings.
Bitcoin revenue for Block reached $1.97 billion in Q3, comprising nearly one-third of total revenues, though costs dipped to $1.89 billion and holdings faced a $59 million loss. Market trends show BTC up 1.68% in the last 24 hours, with trading volume surging 39% to $74 billion, partly driven by institutional buys like Strategy’s addition of 487 BTC worth $50 million, bringing its total to 641,692 BTC.
Broader developments include Kazakhstan’s plan for a $1 billion cryptocurrency reserve by 2026, funded by seized assets and state mining. These factors, combined with Block’s innovations, signal robust institutional demand and a rebounding Bitcoin market, enhancing the viability of Bitcoin payments for everyday commerce.
