FinTech company Square began rolling out a feature that allows select U.S. merchants to accept Bitcoin through POS terminals. A full rollout to all users of the payment service is planned within a month.
Miles Suter, Bitcoin Product Lead at Block, announced that the company is expanding the use of BTC for everyday payments by integrating the asset into Square’s POS terminals, a payment service owned by Jack Dorsey’s Block.
The company plans a phased rollout of the new feature over the course of a month. For merchants that meet U.S. regulatory requirements, it’ll be enabled automatically. When customers pay in BTC, the funds will be instantly converted into U.S. dollars, which will be credited to the merchant’s account by default.
Suter noted that the solution is designed for a wide range of businesses and aims to simplify mass adoption of cryptocurrencies in everyday transactions. He also added that merchants will have the option to switch to an alternative mode and automatically accumulate Bitcoin from their daily revenue.
The Square team also clarified that transactions will be processed without additional setup, with near-instant settlement. Merchants won’t need to hold crypto on their balance sheets, and payment processing fees will be waived at least until the end of 2026. At this stage, the feature is available only to selected U.S. merchants, excluding businesses registered in the state of New York.
The initiative was first announced by Block in May 2025 and is aimed at lowering barriers to crypto acceptance by eliminating volatility risks and custodial concerns. The solution was tested in November last year within the Compass Coffee chain in Washington, D.C.
