Square enables “Bitcoin payments” with zero fees and no minimums for million-dollar U.S. small and mid-sized businesses, with Jack Dorsey pushing BTC into everyday use

Jack Dorsey’s Square, announced that, effective immediately, it will automatically enable Bitcoin receiving for millions of eligible U.S. merchants, with trades converted to U.S. dollars instantly and zero processing fees extended through the end of 2026. Merchants don’t need any additional setup.
（Background: Bitcoin rebounds 67,137 dollars, Iran ceasefire talks stall and the selloff pauses, Day 46 of extreme fear, with more than 60,000 liquidations totaling $2.17 million ）
（Background detail: The U.S. pushes 401(k) retirement savings to invest in Bitcoin! The Department of Labor releases a proposed rule for an “alternative asset safe harbor,” lowering trustees’ litigation risk）

Bitcoin is getting one step closer to becoming a “daily payments tool.” This Monday, Square, a payments product under Jack Dorsey, announced that it has started automatically enabling Bitcoin receiving for millions of eligible U.S. small and medium-sized business merchants: merchants don’t have to do anything—customers pay in BTC, and dollars are credited directly to the account.
In an official X post, Square wrote: “Automatically enabled Bitcoin payment functionality is rolling out to eligible U.S. Square sellers. Start accepting Bitcoin today; at checkout it instantly converts to cash, with no additional setup.”

Note: The parent company is Block, and Square is one of its main products—an in-platform offering that mainly provides merchants with payment and business solutions.

Automatically enabled bitcoin payments are rolling out to eligible U.S. Square sellers.

Start accepting bitcoin that instantly converts to cash at checkout, with no additional setup.

→ 0% processing fees through 2026
→ Near-instant settlement
→ No need to hold bitcoin

Learn… pic.twitter.com/rnrPI0KbHE

— Square (@Square) March 30, 2026

Zero barrier, zero processing fees

The core design of the mechanism Square introduced this time is to hide all the complexity of cryptocurrency in the back end. Merchants don’t need to open a digital wallet, don’t need to learn how to store private keys, and don’t have to worry about BTC’s price crashing after the transaction is completed. The system completes the exchange at the moment of checkout, and merchants always receive dollars.

Miles Suter, head of Block’s Bitcoin product, said on X: “We’re making it easier for millions of businesses to accept Bitcoin. This is the starting point for Bitcoin as everyday money.” He also emphasized that this is a long journey: “There are many steps to go, many pieces to get in place, before everything can come together in the right, sustainable way.”

According to reports, the zero processing fee promotion will run through the end of 2026 and supports near-instant settlement. For traditional merchants who have been holding back on crypto in the long term, this plan removes virtually all real-world adoption barriers.

In Square’s current user mix, 78% comes from the U.S. market, and 22% from international users. The Bitcoin receiving feature is currently being rolled out only to eligible U.S. merchants; no timeline for international expansion has been announced.

Marcus: This is the financial “TCP/IP moment”

David Marcus, CEO of Lightspark and former president of PayPal, compared Square’s move to the birth of the TCP/IP protocol in the 1970s: those foundational rules that ultimately let networks of all kinds around the world interoperate, becoming the backbone of the entire internet.

He believes Bitcoin has the potential to become a universal standard for moving value across platforms and across systems—no longer just a speculative asset, but financial infrastructure itself.

Note: TCP/IP (Transmission Control Protocol/Internet Protocol) is the core rule set that passes network packets between nodes, enabling networks that were originally incompatible to communicate. Marcus believes Bitcoin is playing a similar role, providing a common value transport layer that everyone can plug into.