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Square Unleashes 0% Fee Bitcoin Payments, Sending Block Stock to an 8-Month High

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Square, a subsidiary of Jack Dorsey’s Block Inc., announced a serious step towards mainstream Bitcoin adoption on Wednesday with the launch of Square Bitcoin, a completely built-in funds and pockets answer that enables greater than 4 million U.S. retailers to settle for and handle Bitcoin instantly throughout the Square ecosystem.

The new characteristic will allow companies to course of Bitcoin funds beginning November 10, 2025, with zero charges for the primary 12 months and on the spot settlement choices in both Bitcoin or U.S. {dollars}.

Square mentioned retailers may mechanically convert up to 50% of their each day card gross sales into Bitcoin, serving to them diversify their financial savings with out leaving the platform. The service will likely be obtainable nationwide besides in New York, the place regulatory restrictions stay in place.

Square Bitcoin Debuts, Letting Merchants Accept, Convert, and Hold BTC in One Platform

The launch, unveiled through the firm’s Square Releases occasion, marks a serious milestone in Block’s long-running Bitcoin technique.

Square Bitcoin combines two core options, Bitcoin Payments and Bitcoin Conversions, alongside a built-in pockets that enables customers to purchase, promote, maintain, and withdraw Bitcoin inside their Square Dashboard.

Miles Suter, Head of Bitcoin Product at Block, described the rollout as a key second in bridging conventional commerce with digital forex.

“We’re making Bitcoin funds as seamless as card funds whereas giving small companies entry to monetary administration instruments that, till now, had been unique to massive firms,” Suter mentioned. “Square is uniquely positioned to make Bitcoin on a regular basis cash, not only a retailer of worth.”

The transfer comes amid a broader trade shift towards digital forex use in on a regular basis commerce. Between 2024 and 2026, U.S. cryptocurrency cost customers are projected to develop by greater than 80%, in accordance to market information cited by Square.

The firm mentioned the brand new system will simplify Bitcoin adoption for native companies by eradicating the necessity for technical experience and providing an all-in-one platform for each fiat and Bitcoin transactions.

Block’s Bitcoin initiatives prolong past funds. The firm additionally operates Cash App’s Bitcoin buying and selling characteristic, Bitkey, a self-custody Bitcoin pockets, and Proto, a set of Bitcoin mining merchandise.

Its open-source division, Spiral, funds growth initiatives geared toward advancing Bitcoin’s use as a software for financial empowerment.

Since the beta rollout of Bitcoin Conversions in 2024, taking part retailers have collectively amassed 142 Bitcoin as of October 1, 2025. Early adopters, corresponding to California-based Pink Owl Coffee, have reported utilizing the characteristic to construct long-term reserves instantly via each day gross sales.

The announcement coincided with the Bitcoin Conference 2025 in Las Vegas, the place Square demonstrated real-time Bitcoin payments through the Lightning Network at the BTC Inc. merchandise store.

Dorsey, who has championed Bitcoin integration for years, mentioned on X that retailers will likely be ready to select whether or not to maintain Bitcoin or auto-convert it to fiat immediately.

Block’s phased rollout will start in late 2025 and increase to all eligible retailers by 2026, pending regulatory approval.

Following the announcement, Block’s inventory rose 2.5% to $81, its highest degree since February, reflecting investor optimism across the firm’s renewed Bitcoin push.

Source: Google Finance

Crypto Payments Gain Momentum as Institutions, Tech Firms, and Regulators Align

The use of cryptocurrency for funds is seeing renewed progress, supported by friendlier rules, company adoption, and technological advances.

Research agency eMarketer initiatives that U.S. crypto cost utilization will rise 82% between 2024 and 2026, whereas surveys present customers within the U.S. and U.Okay. more and more view crypto as a sensible cost methodology.

Tech firms and monetary establishments are main the shift. Google introduced its Agent Payments Protocol and added stablecoin assist via a partnership with Coinbase, permitting seamless transactions between AI purposes.

Visa has begun testing cross-border funds funded with stablecoins via Visa Direct, whereas Mastercard continues to combine crypto through on-ramp companies and crypto-backed playing cards.

In actual property, Opendoor Technologies confirmed it will accept Bitcoin and other cryptocurrencies for home purchases, focusing on crypto-wealthy patrons looking for tangible property amid Bitcoin’s surge to $125,000.

Adoption can be rising globally. Bitget Wallet integrated Brazil’s Pix system, enabling crypto funds through QR codes, and Finastra partnered with Circle to join banks to USDC settlements.

Thailand launched TouristDigiPay, letting visitors spend converted crypto, whereas MoonPay acquired Meso Network to improve cross-border infrastructure.

Legacy techniques are evolving too. SWIFT began testing on-chain messaging and payments utilizing Ethereum’s Linea community, marking its first main step towards blockchain integration.

Even cost platforms like Stripe and PayPal are increasing into stablecoins, with Triple-A including PayPal’s token to its supported property.

The submit Square Unleashes 0% Fee Bitcoin Payments, Sending Block Stock to an 8-Month High appeared first on Cryptonews.

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