Jack Dorsey's Square is rolling out automatic Bitcoin payment acceptance to millions of eligible U.S. small businesses — no opt-in required. Sellers simply start receiving bitcoin with balances instantly converted to U.S. dollars at checkout, removing volatility risk and eliminating any custody burden.

What's New

Square confirmed today that the rollout has begun. Key terms: 0% processing fees through 2026 and near-instant settlement. Merchants receive dollars by default and never need to hold bitcoin. Nothing in their existing workflow changes — bitcoin just becomes another accepted tender alongside cards and cash.

Jack Dorsey confirmed the timing with a single word on X: "today." Miles Suter, Block's head of bitcoin product, framed the move bluntly: "This is how bitcoin as everyday money begins."

Why It Matters

This isn't a niche crypto-forward product aimed at bitcoin enthusiasts. Square's infrastructure already processes payments for millions of small businesses — coffee shops, contractors, food trucks. By defaulting bitcoin acceptance on rather than requiring activation, Block is embedding BTC into commerce at a scale no other company has attempted.

The approach mirrors how contactless payments became ubiquitous: make it available by default, handle conversion in the background, and let merchants forget it's there.

Lightspark CEO David Marcus called it a potential "TCP/IP moment for money" — comparing bitcoin's growing payment layer to the early internet protocol standardization that made the web universally accessible.

The move also signals a shift in Block's strategy. Dorsey, a self-described bitcoin purist, has historically avoided stablecoins, but Square is now building toward broader digital payment coverage. Bitcoin comes first.