Block Launches Square Bitcoin to Help U.S. Businesses Accept Bitcoin Payments
Jack Dorsey’s company Block is making it easier for businesses to use Bitcoin in daily sales. Its payments division, Square, has introduced a new service called Square Bitcoin. This service lets U.S. businesses accept Bitcoin payments, convert sales into Bitcoin, and manage their Bitcoin all from the same platform they use for card payments and sales tracking.
Simple Bitcoin Payments for Small Businesses
Square Bitcoin aims to make Bitcoin payments as easy as using a credit card. For the first year, businesses will not pay any fees when they accept Bitcoin. This move is designed to bring Bitcoin to more local stores and shops across the country.
Miles Suter, Head of Bitcoin Product at Block, said, “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.” He added, “Square is uniquely positioned to make Bitcoin everyday money, not just a store of value — while also helping sellers future-proof their operations.”
Key Features of Square Bitcoin
- Bitcoin Payments: Sellers can accept Bitcoin at checkout with no fees for the first year.
- Bitcoin Conversions: Businesses can convert up to 50% of their daily card sales into Bitcoin.
- Bitcoin Wallet: Users can buy, sell, hold, and withdraw Bitcoin within the Square Dashboard alongside their regular business finances.
When and Where Is Square Bitcoin Available?
Square Bitcoin will be available to U.S. sellers starting November 10, 2025. The Bitcoin conversion feature will be available nationwide, except in New York due to local regulations. This launch follows a pilot program in 2024, where early users converted between 1% and 10% of their earnings into Bitcoin. This pilot led to the accumulation of 142 BTC, showing strong interest from small business owners.
Why Square Bitcoin Matters for Small Businesses
Square says this new service is for local businesses that want to try new ways to handle money and attract customers who like technology. Many small businesses find Bitcoin hard or expensive to use. Square Bitcoin aims to change that.
The company said, “With adoption and utility growing, Bitcoin continues to become a larger portion of everyday commerce.” Research from eMarketer predicts that between 2024 and 2026, the number of Americans using digital assets for payments will grow by 82%.
Joe Carlo, owner of Pink Owl Coffee in California, used the beta version of Bitcoin Conversions. He said, “By using Bitcoin Conversions in beta, we’ve built a strong financial reserve for Pink Owl over the past two years. Now, with Bitcoin payments, we’re able to serve our customers in more ways while boosting Bitcoin education and more actively participating in the bitcoin economy.”
Part of Block’s Larger Bitcoin Ecosystem
Square Bitcoin is part of Block’s bigger plan to support Bitcoin. Block also offers Cash App’s Bitcoin trading, the Bitkey self-custody wallet, and Proto, its Bitcoin mining division. Spiral, Block’s open-source branch, funds projects to help Bitcoin empower people economically.
Since launching Square Banking in 2021, Block has worked to combine payments, savings, and loans for small businesses. Now, Square Bitcoin adds digital currency to this mix. This lets sellers manage both regular money and Bitcoin in one place.
