Square has introduced Square Bitcoin, the first fully integrated bitcoin payments and wallet solution built for local businesses of all sizes. Square Bitcoin enables sellers to accept bitcoin payments with zero processing fees, automatically convert card sales into bitcoin, and manage their bitcoin alongside their other business finances within the Square ecosystem.
Square Bitcoin features:
- Bitcoin Payments allows sellers to seamlessly accept bitcoin directly from their point-of-sale with no processing fees for the first year, giving shoppers more ways to pay and helping sellers keep more of their hard-earned money.
- Bitcoin Conversions enables sellers to automatically convert a percentage of their daily card sales into bitcoin, helping them diversify their long-term savings from the same platform they already use to manage their business finances.
- Bitcoin Wallet, built natively into Square, lets sellers manage their bitcoin alongside the rest of their finances, with buy, sell, hold, and withdrawal functionality integrated directly into their Dashboard.
Bitcoin Conversions initially launched to a subset of businesses in 2024, and since then, sellers have accrued 142 bitcoin as of October 1, 2025.
“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. “We’re making bitcoin payments as seamless as card payments while giving small businesses access to financial management tools that, until now, have been exclusive to the largest corporations. Through Square and Cash App, we serve both sides of the counter, meaning Square is uniquely positioned to make bitcoin everyday money, not just a store of value – while also helping sellers future-proof their operations.”
(source)