Rebecca Cruz Square Bitcoin payments now let US merchants accept BTC at checkout with zero fees until 2027. Discover how this move could accelerate crypto adoption for businesses nationwide.
Square Bitcoin payments are poised to transform how merchants in the United States handle transactions, offering a seamless way to accept Bitcoin at checkout. With over four million merchants on Square’s platform, this new feature could mark a turning point in cryptocurrency adoption as a practical medium of exchange.
The newly launched Square Bitcoin payments service allows local businesses to accept Bitcoin directly and store it in a dedicated wallet integrated into Square’s platform. Merchants can now automatically convert a portion of their sales into BTC while benefiting from zero processing fees through 2026. Starting January 1, 2027, a modest 1 percent transaction fee will take effect.
Merchants using the Square Bitcoin payments feature can manage their digital assets through Square’s existing dashboard. The platform enables buying, selling, and withdrawing Bitcoin conveniently, making it easier for merchants to integrate cryptocurrency into their daily operations. At launch, the service is available exclusively to US sellers, excluding New York State, and is not accessible to international businesses.
Square Bitcoin Payments Boost Crypto Adoption
The rollout of Square Bitcoin payments aligns with CEO Jack Dorsey’s long-standing vision for integrating Bitcoin into mainstream commerce. Dorsey, a vocal Bitcoin advocate, has previously incorporated cryptocurrency into Cash App and has championed open-source Bitcoin mining solutions to address energy-intensive costs in mining operations.
Block Inc., Square’s parent company, holds 8,692 BTC on its balance sheet, ranking it among the top public Bitcoin holders globally. By enabling merchants to accept Bitcoin, Square reinforces its commitment to building a crypto-forward financial ecosystem and promoting digital assets as a legitimate form of payment.
Growing Consumer and Merchant Interest
Crypto payments are experiencing renewed momentum in the United States, aided by a more favorable regulatory environment and increased recognition of digital assets. Square cites research from eMarketer indicating that cryptocurrency payment adoption in the US could grow by 82 percent between 2024 and 2026. This surge reflects both merchant interest and consumer demand for faster and more flexible payment options.
A recent YouGov survey highlighted that users in the US and the United Kingdom increasingly see cryptocurrency as a practical tool for everyday transactions. The study also emphasized that AI-driven financial tools could accelerate crypto payments adoption, integrating features that allow both humans and AI agents to execute transactions seamlessly.
AI and Crypto Payments Converge
The convergence of AI and cryptocurrency is creating new possibilities for Square Bitcoin payments. Google’s Agent Payments Protocol, for instance, aims to enable AI systems to process digital currency transactions autonomously. This trend positions crypto as a key component in the emerging AI-powered economy and strengthens Square’s role in fostering digital payment innovation.
Other payment giants are also expanding their crypto capabilities. PayPal now allows users to send and receive Bitcoin, Ether, and the US dollar-pegged stablecoin PYUSD, signaling a broader industry shift toward embracing cryptocurrency in mainstream finance.
The Future of Merchant Bitcoin Payments
Square Bitcoin payments are more than a simple feature addition. They represent a strategic move to normalize cryptocurrency in everyday commerce. By offering integrated wallets, zero fees for multiple years, and easy transaction management, Square is lowering barriers for merchants to adopt Bitcoin.
As digital assets continue to gain traction, Square Bitcoin payments could set a precedent for how businesses engage with crypto. This initiative not only benefits merchants seeking innovative payment solutions but also advances the global narrative of Bitcoin as a viable and practical currency.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards.
