Overview
- Bitcoin payments open to eligible U.S. sellers on November 10, with the wallet and conversion features available now; New York is not supported at launch.
- Merchants can accept bitcoin at checkout and opt to auto-convert up to 50% of daily card sales, all managed within the existing Square seller dashboard.
- The integrated wallet lets businesses buy, sell, hold, and withdraw bitcoin directly from their Square accounts.
- Square reports early adoption of its conversion tool, with participating sellers accumulating 142 BTC during the pilot.
- Industry reports say the checkout runs on the Lightning Network for near-instant QR code payments; Square also introduced AI voice ordering and a deeper Grubhub integration for restaurants.