Square, the financial services platform owned by Jack Dorsey’s Block Inc., has officially launched a feature allowing merchants to accept Bitcoin payments through their existing Square terminals. This move is a major step toward mainstream adoption of crypto in everyday commerce and reflects Dorsey’s long-standing belief in Bitcoin as a native currency of the internet.
Real-Time Conversion or Custody
Merchants now have the option to receive Bitcoin directly or instantly convert it to fiat currency at the point of sale. The feature is built on the Lightning Network, enabling fast and low-fee Bitcoin transactions across the Square ecosystem.
This dual flexibility appeals to both crypto-native businesses and those who prefer to avoid volatility while still tapping into the Bitcoin economy. Payments can be accepted via QR code scanning at checkout, and integrations are already operational in test markets.
Tested in Real-World Environments
The feature was tested at the Bitcoin 2025 conference in Las Vegas, where Square processed live Lightning transactions. Feedback from that deployment helped fine-tune the system, ensuring it could scale securely and efficiently across thousands of merchants.
Early access is now being granted to select vendors, with full rollout across the U.S. expected in phases through 2026. Merchants using Square do not need to hold Bitcoin unless they choose to, thanks to instant exchange mechanisms built into the system.
A Long-Term Vision for Bitcoin Commerce
Jack Dorsey has long argued that Bitcoin will become a cornerstone of internet-native finance. He envisions a world where individuals and businesses transact freely, without traditional banking intermediaries. By embedding Bitcoin into the Square ecosystem, Block Inc. is transforming that vision into real infrastructure.
This launch also signals that crypto payments are evolving beyond niche use cases. With Square’s large merchant base and trusted technology, Bitcoin is becoming a functional payment tool not just a speculative asset.
Sources: Bloomberg, Cointelegraph, The Daily Upside, r/Bitcoin, Block Inc. blog
