Square Officially Launches Bitcoin Payments for Merchants

Square, led by Jack Dorsey, has launched its Bitcoin payment feature, offering merchants four methods to integrate cryptocurrency transactions into their systems as of November 10.

This launch signifies Bitcoin’s growing role in mainstream commerce, potentially strengthening merchant financial strategies and expanding the cryptocurrency’s economic footprint.

Square’s Strategic Bitcoin Integration Rolls Out Globally

Square has officially introduced its Bitcoin payment feature, offering merchants options such as BTC→BTC and BTC→fiat. This significant step integrates Bitcoin into Square’s point-of-sale systems, allowing sellers to receive Bitcoin directly into their wallets or convert it to USD automatically.

Merchants benefit in several ways from the new Bitcoin payment options. First-time users can enjoy a year without processing fees, an attractive incentive for businesses exploring cryptocurrency. Through Square’s dashboard, merchants can easily manage Bitcoin and USD settlements, streamlining financial operations and increasing crypto asset diversification.

“Square makes bitcoin everyday money while giving sellers more ways to get paid, control costs, and diversify their finances.” — Jack Dorsey, Founder, Block/Square.

Industry figures and businesses responded positively to the launch. Jack Dorsey emphasized this integration by stating on platform X that Square aims to make “bitcoin everyday money.” Meanwhile, merchants like Pink Owl Coffee’s Joe Carlo praised the feature for boosting business participation in the Bitcoin economy.

Bitcoin Market Dynamics Amid Square’s New Offering

Did you know? Square’s integration with Bitcoin isn’t the first in the industry; however, its depth of native business tools and use of the Lightning Network stands out, marking a potential shift in merchant payment options.

Bitcoin (BTC) currently trades at $105,916.69 with a “2.11 trillion” market cap, according to CoinMarketCap. The past day saw a 0.89% increase, while a 7-day decrease of 0.88% reflects recent trends. BTC holds 59.32% market dominance, and its circulating supply reached 19.95 million as of November 10, 2025.

Economic analyses by Coincu suggest potential positive impacts on Bitcoin’s adoption, indicating broader financial flexibility for businesses incorporating crypto payments. Square’s integration may lead to technology-driven efficiency and regulatory considerations, intensifying dialogues surrounding merchant-centric crypto strategies.