Square Automatically Enables Bitcoin Payments for Millions of U.S. Small Businesses

Instant dollar conversion, no setup, zero fees through 2026 as part of full rollout by November 10

Mar. 31, 2026 at 8:34am

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Jack Dorsey's Square has begun automatically enabling Bitcoin payments for millions of eligible U.S. small businesses. Transactions instantly convert to U.S. dollars at checkout, removing price volatility risk for merchants. There is zero processing fees through 2026, and no extra setup is required. Bitcoin payments will be available to all Square merchants by November 10.

Why it matters

This move by Square could significantly increase Bitcoin's adoption as a payment method for everyday transactions, as it removes two of the biggest barriers for small businesses - price volatility and the complexity of holding digital assets. It also has the potential to establish Bitcoin as a shared framework for moving value between users and platforms, similar to how TCP/IP became the common standard for moving data across the internet.

The details

Square is automatically enabling Bitcoin payments for millions of eligible U.S. small businesses, with the full rollout expected by November 10. Merchants do not need to do anything to activate it, as Bitcoin acceptance is now built directly into existing Square payment systems. When a customer pays in Bitcoin, the merchant receives U.S. dollars by default, meaning businesses take on no exposure to Bitcoin's price swings and do not need to hold or manage crypto. Square is also offering zero processing fees through 2026, and settlement is near-instant with no additional account setup needed.

  • Square began the rollout of Bitcoin payments for eligible U.S. small businesses on Monday, October 8, 2025.
  • Full availability of Bitcoin payments across all Square merchants is expected by November 10, 2025.

The players

Square

An American financial services and digital payments company founded by Jack Dorsey, the co-founder and former CEO of Twitter.

David Marcus

The CEO of Lightspark and former President of PayPal, who described Square's Bitcoin payment rollout as a potential 'TCP/IP moment' for money.

Miles Suter

The head of Bitcoin product at Block, Square's parent company, who said the goal is making it easier for 'millions of businesses to accept Bitcoin.'

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What they’re saying

“Connecting the ecosystem with @Square has been the dream since we launched bitcoin in @CashApp in 2018. Starting today, all merchants can now seamlessly stack bitcoin behind the scenes from their daily sales.”

— Miles Suter, Head of Bitcoin Product, Block

“Bitcoin payments will be live for everyone on November 10”

— Miles Suter, Head of Bitcoin Product, Block

“This is how Bitcoin as everyday money begins.”

— Miles Suter, Head of Bitcoin Product, Block

“This could be a TCP/IP moment for money.”

— David Marcus, CEO, Lightspark

What’s next

The judge in the case will decide on Tuesday whether or not to allow Walker Reed Quinn out on bail.

The takeaway

Square's move to automatically enable Bitcoin payments for millions of U.S. small businesses has the potential to significantly increase Bitcoin's adoption as a payment method for everyday transactions, as it removes two of the biggest barriers - price volatility and the complexity of holding digital assets. This could establish Bitcoin as a shared framework for moving value between users and platforms, similar to how TCP/IP became the common standard for moving data across the internet.