Square Introduces Bitcoin POS Payments In Major US Expansion

Businesses that accept Bitcoin will pay no processing fees for the next two years as part of a new push to move digital currency into the everyday economy.

This fee waiver, which lasts until the end of 2026, aims to remove one of the biggest hurdles for small shops and local vendors who want to try new payment methods without losing money on transaction costs.

Instant Cash Conversions For Local Shops

The plan allows US merchants to accept Bitcoin while receiving US dollars in their accounts by default. This setup removes the risk of price swings that often make business owners nervous about digital assets.

When a customer pays at the counter, the system converts the crypto into cash immediately. Reports show that this feature requires no extra setup for those who qualify, and the money moves into the merchant’s balance almost instantly.

Connecting the ecosystem with @Square has been the dream since we launched bitcoin in @CashApp in 2018

Starting today, all merchants can now seamlessly stack bitcoin behind the scenes from their daily sales

Bitcoin Payments Acceptance will be live for everyone on November 10 pic.twitter.com/mTqbu8wfGG

— Miles 🌞 (@milessuter) October 8, 2025

While the default setting is to receive cash, there is a choice for those who want to keep some of the digital currency. Owners can set their accounts to “stack” a portion of their daily sales in crypto instead of taking the full amount in dollars.

Data shows that the rollout began on Monday and should reach all eligible Square users by Nov. 10. Businesses based in New York are currently excluded from the program due to specific state regulations.

We’re making it easier for millions of businesses to accept bitcoin.

Starting today, eligible U.S. @Square sellers will begin having Bitcoin payments automatically enabled.

Sellers who accept bitcoin will receive USD as default.

This is how bitcoin as everyday money begins.

— Miles 🌞 (@milessuter) March 30, 2026

Big Tech Moves Toward Everyday Crypto

Jack Dorsey, the head of Block, shared the news following an announcement from the company’s Bitcoin product lead, Miles Suter. The goal is to make these transactions feel like using “everyday money” for millions of businesses.

Block currently holds 8,883 BTC on its own books, which ranks it as the 14th-largest public holder of the asset. The company bought its supply at an average price of $32,939 per coin, according to BitcoinTreasuries.net.

The move by Square is part of a larger trend where financial companies are blending traditional banking with digital assets.

For instance, some mortgage lenders now allow people to use their crypto holdings to meet loan requirements without selling their coins first.

Image: PYMNTS

Other platforms like Coinbase and Kraken have also brought back programs that let users borrow cash against their Bitcoin.

Expanding Financial Options For Borrowers

Recent reports indicate that this shift is reaching into the housing market as well. Better Home & Finance recently teamed up with a major exchange to allow buyers to use their digital assets as collateral for down payments on home loans. This allows a homeowner to secure a mortgage while keeping their investment intact.

Featured image from Unsplash, chart from TradingView

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