Bitcoin payments go mainstream as Square auto-enables BTC for small businesses
Square automatically enabled bitcoin payments for millions of U.S. businesses, converting BTC to dollars at checkout to facilitate wider adoption.Summary
Square has begun automatically enabling bitcoin payments for millions of eligible U.S. small businesses, a significant step towards integrating cryptocurrency into everyday commerce. Transactions will be instantly converted to U.S. dollars, eliminating price volatility concerns for merchants and requiring no additional setup. This initiative builds upon Square’s existing “Square Bitcoin” program and reflects a shift towards seamless bitcoin integration into existing payment systems. Miles Suter, Block’s head of bitcoin product, stated this move makes accepting bitcoin easier for businesses, envisioning bitcoin as everyday money. CEO Jack Dorsey confirmed the rollout, while industry figures like David Marcus likened the move to a potential “TCP/IP moment” for money, suggesting bitcoin could become a foundational layer for financial transactions. Square’s user base is predominantly U.S.-based (78%), and this move aims to abstract away crypto complexity by handling conversions automatically, lowering the barrier to entry for businesses.
(Source：CoinDesk)