Square To Reportedly Roll Out Bitcoin Payments for Merchants

Block Inc., founded by Jack Dorsey, has launched a Bitcoin payment feature on its Square platform. This move aims to bring Bitcoin into mainstream retail. Merchants can now accept Bitcoin directly through Square’s point-of-sale system, using the Lightning Network.

Bitcoin Comes to the U.S. Retail Market

This new feature allows businesses to accept Bitcoin payments instantly. Merchants can opt to receive Bitcoin directly or convert it to U.S. dollars at the point of sale. The integration is part of Square’s existing infrastructure, meaning businesses won’t need extra hardware. This removes barriers like high transaction fees and slow confirmation times.

Square serves over 4 million businesses and processes more than $200 billion in payments annually. Its vast merchant base could play a key role in making Bitcoin a usable currency in U.S. commerce.

Simplifying Bitcoin Transactions

Square’s integration offers a practical solution for everyday Bitcoin payments. Using the Lightning Network, transactions are fast and inexpensive. Bitcoin can now be used in retail without the hurdles that previously slowed its adoption. Square’s streamlined payment system brings Bitcoin closer to becoming a common currency, not just a store of value.

Currently, the feature is available to select merchants, with plans for a wider launch in 2026. This gradual rollout allows Square to refine the system before expanding it further.

Bitcoin’s Potential as a Medium of Exchange

Bitcoin has often been seen as a store of value. But Square’s move could help shift it into a usable currency for everyday transactions. Jack Dorsey has long advocated for Bitcoin to become the internet’s native currency. With this new feature, Square is taking a step toward that vision.

Bitcoin is currently trading above $118,000 in 2025, thanks to institutional demand and the approval of Bitcoin ETFs. Square’s initiative could take advantage of this momentum. If successful, it could push Bitcoin further into the retail world.

Future of Bitcoin Payments

While the feature is in a limited rollout now, Square’s initiative marks a key step toward wider Bitcoin adoption. If successful, it could change how Bitcoin is used globally. Square’s move could pave the way for Bitcoin to be used as a common payment method for goods and services.

Companies accepting Bitcoin payments in 2025:

Category	Company	Notes
Online Retailer	Overstock	Accepts Bitcoin for furniture and home goods
Online Retailer	Newegg	Electronics and PC hardware
Online Retailer	Beliani	European furniture retailer
Payment Processor	BitPay	Powers payments for AT&T, IKEA, Sony, etc.
Payment Processor	Coinbase Commerce	Crypto checkout for online merchants
Restaurant Chain	Steak n’ Shake	U.S. burger chain; BTC accepted since May 2025
Venue / Club	Black Iris Social Club	Richmond-based arts venue accepting BTC
Auto Dealership	C.J. Wilson Dealerships	BTC accepted for cars (BMW, Audi, Porsche)
POS Provider	Square (Block, Inc.)	Lightning payments to 4M+ U.S. merchants
Digital Service	Accessible.org	Accessibility services accepting crypto