Bitcoin (BTC) Payment Tools Come To Block's (XYZ) Square
Square offers US merchants AI voice ordering and zero-fee Bitcoin payments for one year, enabling automatic conversion of up to 50% of sales into Bitcoin, expanding crypto adoption.
- Square, a unit of Block Inc., launched Square Bitcoin and AI-enabled voice ordering, with Bitcoin payments for U.S. sellers starting November 10, 2025, excluding New York State.
- Block Inc. has long pursued a broader crypto strategy driven by Jack Dorsey, CEO, amid rising crypto adoption and Bitcoin Spot ETFs’ seven straight days of over $5.3 billion inflows, eMarketer projects growth.
- Including a built-in wallet, Square Bitcoin waives processing fees through 2026, charges 1% on Jan. 1, 2027, and lets sellers convert up to 50% of daily revenue using the Lightning Network for bitcoin or fiat settlements.
- For merchants, Square Bitcoin could lower costs and speed settlements versus card networks, potentially improving cash flow and reaching more than 4 million merchants on Square's platform.
- Square's strategy unifies crypto transactions and conversational AI within Square's merchant ecosystem, positioning it against PayPal and Shopify as crypto payment users reach 7.1 million U.S. by 2026.
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