Payment processor Square, owned by Jack Dorsey’s Block Inc., has enabled Bitcoin payments at checkout for approximately 4 million merchants using its point-of-sale system. The feature allows businesses to accept Bitcoin, convert between fiat and crypto, and deposit proceeds directly into merchant wallets with zero transaction fees through 2026.
Originally introduced for in-person sales, the company plans to roll out online and invoicing support in the future. The zero-fee model is a key incentive to accelerate Bitcoin adoption in everyday retail and small-business environments. Dorsey said the move turns the iPhone into a “wearable Bitcoin acceptance device”.
Industry watchers believe this move marks one of the broadest real-world rollouts of Bitcoin as a payment method to date, potentially unlocking a new wave of crypto-use cases beyond investment and speculation.