Square has begun rolling out Bitcoin payment functionality across its point-of-sale terminals for eligible US merchants, enabling near-instant transactions converted into US dollars.
The feature, developed by Block, will be automatically enabled for qualifying sellers over the coming month, with full availability expected by November 10.
Eligible merchants will receive payments in US dollars by default while retaining the option to “stack” Bitcoin from daily sales, simplifying adoption without exposure to price volatility.
The rollout was announced by Block Bitcoin product lead Miles Suter, who said the feature is designed to make it easier for “millions of businesses” to accept Bitcoin.
Square said transactions will convert instantly to cash at checkout, require no additional setup and offer near-instant settlement, with zero processing fees in place through 2026.
The feature is currently limited to verified US sellers and excludes businesses based in New York, reflecting ongoing regulatory constraints in certain jurisdictions.
Block, which holds 8,883 Bitcoin on its balance sheet, is expanding its crypto strategy as Bitcoin adoption grows across payments, lending and broader financial infrastructure.
At the time of reporting, Bitcoin price was $67,396.77.