Square auto-enables Bitcoin payments for US sellers with zero fees through 2026
Crypto Briefing
Square is automatically enabling Bitcoin payments for eligible US sellers with zero processing fees until 2026.Summary
Square has started automatically enabling Bitcoin payments for eligible U.S. sellers, shifting from an opt-in system to embedded functionality. Customers can pay using Bitcoin via a QR code, with transactions settling almost instantly through the Lightning Network and automatically converting to U.S. dollars at the point of sale, eliminating the need for merchants to hold cryptocurrency. A major incentive for adoption is that Square is waiving all processing fees for these Bitcoin payments through 2026. This rollout is part of a larger strategy by Block, Square's parent company, to integrate Bitcoin throughout its ecosystem, potentially expanding its use in daily commerce significantly.
(Source：Crypto Briefing)