Square Launches Zero-Fee Bitcoin Payments for Merchants Worldwide
Square has officially rolled out Bitcoin payment support, giving over four million merchants worldwide the ability to accept crypto with zero transaction fees. The feature is currently being tested in select coffee shops across the United States.
Jack Dorsey’s Vision for Bitcoin Commerce
Jack Dorsey, co-founder of Block Inc.—the parent company of Square—announced the launch on X, describing it as another step toward integrating Bitcoin into everyday life. “We want sellers to have the freedom to transact in any currency they choose,” he said. Customers can pay either in Bitcoin or fiat, while merchants decide which currency to settle in—BTC or USD.How It Works
The new feature currently supports in-person payments through Square’s existing point-of-sale terminals. The system automatically converts Bitcoin to the merchant’s chosen settlement currency in real time, avoiding volatility risks and removing processing fees entirely. According to the company, transaction confirmation is nearly instant thanks to integration with the Lightning Network.Next Steps and Online Expansion
Jacob Szymik, Square’s customer success manager, confirmed that online checkouts and invoicing tools are under development. “We’re building a unified payment experience across physical and digital environments,” he explained. “Merchants will soon be able to issue invoices, accept Bitcoin online, and track settlements seamlessly within the Square Dashboard.”Why Zero Fees Matter
Square’s move could reshape the economics of small-business payments. Traditional card processors charge up to 3 % per transaction; by eliminating these fees, merchants gain direct savings while customers gain more privacy and autonomy. For Dorsey, this aligns with Block’s broader mission: promoting open financial access through Bitcoin and decentralized infrastructure.A Step Toward Mainstream Adoption
The pilot phase focuses on U.S. retailers, but international expansion is already in motion. If successful, Square’s zero-fee Bitcoin option could become one of the largest real-world use cases for cryptocurrency in everyday commerce—bridging the gap between digital assets and small-business finance.Editorial Team — CoinBotLab