The payment platform Square reported this Monday that it has begun rolling out Bitcoin payments across its point-of-sale terminals in the U.S. The announcement was made by the company’s head of Bitcoin products, Miles Suter, with statements backed by CEO Jack Dorsey. Thanks to this feature, millions of businesses will be able to accept non-tangible assets automatically, receiving dollars by default in their daily transactions.
With this move, the company seeks to eliminate entry barriers for merchants by removing volatility and custody risks, as funds are instantly converted into cash. Additionally, Square is incentivizing adoption by offering zero processing fees until 2026. This advancement strengthens everyday payment infrastructure with digital assets, even giving sellers the option to “stack” a portion of their sales directly in Bitcoin.
The functionality is expected to be available before November 10 for all eligible merchants in the U.S. (excluding New York). This step, combined with the growth of crypto-backed loans at firms like Coinbase and Nexo, marks a phase of maturity where Bitcoin transitions from being just a store of value to an everyday financial tool.
Source:https://x.com/milessuter/status/2038620026115145857
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