Square Introduces Integrated Bitcoin Platform as Crypto Payments Rise in the U.S.
Square has unveiled its first integrated Bitcoin payment and wallet platform, letting U.S. businesses accept crypto transactions and manage their digital assets within the same system they use for everyday sales. The new service, called Square Bitcoin, introduces no-fee Bitcoin payments for the first year and automatic Bitcoin conversions from card sales.
Digital assets meet tradfi in London at the fmls25
Square Brings Bitcoin to Everyday Commerce
The rollout marks a major step in Block’s plan to make Bitcoin part of mainstream financial activity. Through Square Bitcoin, sellers can now accept bitcoin payments directly from their point-of-sale systems, convert up to 50% of daily revenue into Bitcoin automatically, and manage their holdings through a built-in wallet on the Square Dashboard.
“The Bitcoin tools we’re building at Square deliver on two critical needs: ensuring sellers never miss a sale, and giving them access to powerful financial tools that help them more easily manage and grow their finances,” said Miles Suter, Head of Bitcoin Product at Block.
Lower Fees, Faster Settlement
Square said Bitcoin payments will carry no processing fees for the first year, allowing small businesses to keep more of their sales revenue. Settlements will be nearly instantaneous, giving merchants faster access to funds and more flexibility in managing cash flow.
Bitcoin Conversions, a feature first piloted in 2024, has already seen early adoption. Participating sellers have accumulated 142 bitcoin as of October 1, 2025, according to the company. The feature allows users to automatically convert part of their daily card sales into Bitcoin to diversify savings.
You may also find interesting: Meanwhile, Bitcoin Life Insurer, Secures $82M to Meet Soaring Demand for Inflation-Proof Savings
The launch comes as the number of U.S. cryptocurrency payment users is projected to jump 82% between 2024 and 2026. Square said its goal is to make Bitcoin transactions as easy as card payments and bring crypto tools to small businesses that have largely been left out of the digital asset economy.
Extending Block’s Bitcoin Ecosystem
The initiative expands Block’s Bitcoin ecosystem, which includes Cash App’s trading functions, Bitkey’s self-custody wallet, the Proto mining division, and Spiral’s open-source development projects.
Since introducing Square Banking in 2021, the company has been merging payments and financial management under one roof.
Bitcoin Conversions is now available to eligible U.S. sellers, with Bitcoin payments launching nationwide on November 10, 2025. The move positions Square as one of the first major payment processors to offer a fully integrated bitcoin solution for small businesses, bringing digital currency closer than ever to everyday commerce.