Block Inc., led by Jack Dorsey, has rolled out Bitcoin payment acceptance for over 4 million merchants using its Square payment system, effective November 11, 2025. This integration allows businesses worldwide to process Bitcoin transactions directly at checkout, with zero processing fees until the end of 2026, after which a 1% fee will apply—significantly lower than typical credit card fees of 2.5% to 3.5%.
The system leverages the Bitcoin Lightning Network to enable near-instant settlements and reduce transaction costs. Merchants can activate Bitcoin payments through their Square Dashboard after a brief verification process and choose to retain Bitcoin or automatically convert it to U.S. dollars to manage price volatility. Payments are final, eliminating chargebacks and reducing fraud risks.
Block Inc., which holds over 8,000 BTC and reported a $21.9 billion profit in 2024, is advancing Dorsey's vision of Bitcoin as "the currency of the internet." This move aligns with broader crypto adoption trends in 2025, where Bitcoin ETFs hold over $175 billion in assets, and aims to transform Bitcoin from a store of value into a daily payment method.
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