Jack Dorsey to Enable Bitcoin Payments for 4M Square Merchants

Jack Dorsey is taking another big step toward Bitcoin’s mainstream adoption. His company, Block, is rolling out Bitcoin payments for over four million U.S. Square merchants. It gives businesses an easy way to accept cryptocurrency through the Lightning Network.

The move, first announced in October 2025. This marks one of the largest real-world integrations of Bitcoin payments to date. It’s also a milestone moment for Dorsey, who has long envisioned Bitcoin as the future of global finance.

Bitcoin Payments Go Live Across Square

Jack Dorsey’s Square Bitcoin payment feature officially launched on October 8. With a full rollout beginning on November 10. Merchants will be able to accept Bitcoin directly. Through their existing Square point-of-sale (POS) systems, no new hardware is required. Customers can pay by scanning a QR code. While merchants can choose whether to hold Bitcoin or instantly convert it into U.S. dollars. 

This flexibility gives businesses full control over how they handle crypto transactions. Especially those wary of market volatility. Block is also waiving all processing fees for Bitcoin payments throughout 2026. This makes it an attractive option for small and mid-sized businesses. The company said this decision aims to help merchants keep more of their revenue. Additionally, to explore new payment possibilities without extra cost.

Empowering Merchants Through Bitcoin

Block’s Bitcoin Product Lead explained that the goal is simple: economic empowerment. By enabling Bitcoin transactions, Square merchants can reach a wider audience. This includes crypto savvy customers who prefer digital payments. The company highlighted data from its Bitcoin Conversions Survey. Which showing that 12% of Square sellers have already set aside part of their sales for automatic Bitcoin conversion. 

Another 29% are exploring the feature for business savings. While 89% plan to use Bitcoin as a long-term investment asset. The rollout also builds on Jack Dorsey’s Block earlier feature, Bitcoin Conversions, which was launched in 2024. That tool allows merchants to automatically convert a portion of their card sales into Bitcoin . This helps them diversify savings and hedge against inflation.

Powered by the Lightning Network

All Bitcoin transactions on Square will run through the Lightning Network. Specifically, it’s a second-layer protocol designed to make payments fast and cheap. Since it processes transactions nearly instantly and at a fraction of traditional payment costs. Furthermore, by using Lightning, merchants can avoid chargebacks and gain instant access to funds. Clearly, this is a major improvement over standard payment systems.

Jack Dorsey has repeatedly described Bitcoin as “the internet’s money.” Now, with millions of Square merchants set to accept it. That vision is one step closer to reality. The integration could make Bitcoin not just an investment asset. But a mainstream payment option for everyday business.