Square Launches Bitcoin Payment Tools for Small Businesses

TLDR

• Merchants can accept and manage Bitcoin from November 10, 2025.
• 142 BTC valued at $17.5 million converted in pilot program.
• No processing fees for merchants until 2027; 1% fee thereafter.

Square, co-founded by billionaire Jack Dorsey, has launched Bitcoin payment tools for small businesses in the U.S. Merchants can now accept, convert, and hold Bitcoin through their Square dashboards starting November 10, 2025. This development aligns with Jack Dorsey’s continued advocacy for Bitcoin as a global currency.

The new tools allow businesses to manage Bitcoin transactions like card payments. Merchants have already converted 142 BTC, valued at $17.5 million USD, as part of an early pilot. While Block’s stock saw a 2.5% increase following the announcement, there are no reports of new funding rounds.

Innovative Tool for Small Businesses

Square’s Bitcoin payment tools aim to simplify crypto transactions for small businesses. Merchants can process transactions using the Lightning Network, ensuring low-cost and fast payments. This integration is part of Square’s broader effort to make Bitcoin accessible as everyday money.

Miles Suter, Head of Bitcoin Product at Block, stated, “We’re making Bitcoin payments as seamless as card payments. Through Square and Cash App, we serve both sides of the counter, which positions us to make Bitcoin everyday money.” This strategic position could drive mainstream cryptocurrency adoption.

“We’re making Bitcoin payments as seamless as card payments.”

Miles Suter

Merchant Benefit Details

Merchants using Square’s Bitcoin tools benefit from the absence of processing fees until 2027. A 1% fee will apply afterwards. Square also provides a native Bitcoin wallet, enhancing ease of use for merchants seeking to adopt cryptocurrency.

The tool suite allows merchants to easily navigate crypto transactions, removing barriers typical for small businesses. Businesses may find these tools advantageous as crypto transactions increasingly become part of everyday finance.

Impact on Digital Currency Dynamics

The singular focus on Bitcoin within Square’s merchant tools distinguishes it from other platforms like PayPal and Shopify, which offer broader crypto support. These competitors rely on third-party processors, while Square provides native management via its dashboard.

Market reactions have been positive, evidenced by a 2.5% rise in Block’s stock. Long-term impacts on Bitcoin adoption will depend on consumer demand and ongoing merchant adaptation of the tools.

Regulatory and Institutional Context

No new regulatory shifts have been linked to this launch. An ongoing federal investigation into Square/Cash App for earlier suspicious crypto activities does not involve the current rollout. However, the U.S. Kansas City Fed forecasts an increase in crypto use, potentially aided by accessible merchant tools like these.

The integration of Bitcoin payments by Square represents a significant step in cryptocurrency’s evolution in retail transactions. As crypto adoption grows, tools facilitating easy integration for businesses could drive broader consumer engagement.