Square Enables Default Bitcoin Payments for Eligible US Merchants

Key Facts

Square has enabled Bitcoin payment acceptance by default for eligible merchants in the United States. Crypto Briefing reported that the integration aims to streamline crypto adoption in retail commerce by removing manual setup barriers, allowing Bitcoin sent by customers to be automatically converted into US dollars at the point of sale.

The initiative is led by Block CEO Jack Dorsey and utilizes the Lightning Network to ensure fast transactions. According to available facts, merchants will face zero processing fees through December 31, 2026, after which a flat 1% fee will apply starting January 2027, with daily transaction ceilings set at approximately $20,000 per seller.