SQUARE EXPANDS BITCOIN PAYMENTS ACROSS ITS 4 MILLION MERCHANT NETWORK ON TUESDAY
Jack Dorsey’s Square is expected to complete its phased Bitcoin payments rollout on November 10, expanding availability across its network of more than 4 million merchants.
The rollout began March 30, when Square started automatically enabling Bitcoin payments for eligible US businesses rather than requiring merchants to opt in.
Customers can pay using the Lightning Network, with transactions settling in seconds. Merchants receive US dollars by default but can choose to keep payments in Bitcoin.
Square is waiving Bitcoin payment processing fees through December 31, 2026, after which a flat 1% fee applies.
Merchants can also automatically convert up to 50% of their daily sales revenue into Bitcoin.
The expansion makes Bitcoin acceptance a default feature for eligible Square businesses, potentially bringing Lightning payments to millions of storefronts without requiring new hardware.
Jack Dorsey’s Square is expected to complete its phased Bitcoin payments rollout on November 10, expanding availability across its network of more than 4 million merchants.
The rollout began March 30, when Square started automatically enabling Bitcoin payments for eligible US businesses rather than requiring merchants to opt in.
Customers can pay using the Lightning Network, with transactions settling in seconds. Merchants receive US dollars by default but can choose to keep payments in Bitcoin.
Square is waiving Bitcoin payment processing fees through December 31, 2026, after which a flat 1% fee applies.
Merchants can also automatically convert up to 50% of their daily sales revenue into Bitcoin.
The expansion makes Bitcoin acceptance a default feature for eligible Square businesses, potentially bringing Lightning payments to millions of storefronts without requiring new hardware.
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