Overview
- Square sellers across the United States can now accept bitcoin at checkout via terminals and QR codes, with New York excluded due to state regulatory hurdles.
- Merchants can hold receipts in bitcoin or auto‑convert to U.S. dollars from the Square Dashboard, with support for btc‑to‑btc, btc‑to‑fiat, fiat‑to‑btc, or fiat‑to‑fiat flows, according to Jack Dorsey.
- Block is advertising zero processing fees for bitcoin payments during an introductory period, though reports differ on whether the promotion ends in 2026 or 2027.
- Transactions run over the Bitcoin Lightning Network for near‑instant settlement and no chargebacks, while currency conversions may incur a small fee.
- The nationwide rollout follows a Lightning pilot at Compass Coffee in Washington, D.C., and the features are available today on Square’s free, Plus, and Premium plans.