Block is boldly expanding Square’s platform with fee-free bitcoin payments, seamless crypto conversions, and shiny new financial tools that aim to help merchants grow, diversify, and streamline operations. How exciting. 🚀
Square Bitcoin Integrates Zero-Fee Payments and Bitcoin Conversion for Merchants
In a world where digital currencies were once viewed as the playground of eccentric billionaires and tech nerds, Block Inc. (NYSE: SQ) is giving bitcoin a permanent home in everyday commerce. They’ve launched Square Bitcoin on Oct. 8, boldly declaring it “the first fully integrated bitcoin payments and wallet solution – built for local businesses of all sizes.” Yes, you read that correctly: Bitcoin is now for *everyone*. 💸
The announcement highlights Block’s ambition to make digital assets part of your daily grind-because who wouldn’t want to juggle crypto and regular finances in one convenient place? Because, you know, that’s definitely what we all need right now. 😎
“Square Bitcoin enables sellers to accept bitcoin payments with zero processing fees, automatically convert card sales into bitcoin, and manage their bitcoin alongside their other business finances-all within the Square ecosystem,” the company said. Because, naturally, we’ve all been dying for a seamless way to spend our precious bitcoins. 📈
Square Bitcoin enables sellers to accept bitcoin payments with zero processing fees, automatically convert card sales into bitcoin, and manage their bitcoin alongside their other business finances – all within the Square ecosystem.
Joe Carlo, owner of Pink Owl Coffee, is apparently thrilled about these new tools. In fact, he claims his café built up reserves by converting a portion of daily sales into bitcoin during the beta period. Because nothing says “smart business move” quite like converting your hard-earned cash into a volatile cryptocurrency, right? 😏
Merchants testing the system have collectively accumulated 142 bitcoins as of Oct. 1, and guess what? They can process bitcoin payments with no fees for the first year. Maybe the only thing more exciting than this is the prospect of winning the lottery. 🎉
Block says this new offering fits perfectly within their broader seller ecosystem. Sure, if your ecosystem includes digital currencies, card payments, and whatever other random financial tools they feel like launching. Because why not? 🤷♂️
Square Bitcoin represents the natural evolution of Square’s extensive platform of commerce and banking solutions, giving sellers expanded optionality for not only how they make a sale, but also how they manage their costs and diversify their finances.
Miles Suter, Head of Bitcoin Product at Block, added that the company’s ultimate goal is to make bitcoin payments as easy as using a credit card. Because, apparently, that’s what everyone’s been waiting for: a seamless transition from traditional payments to… crypto chaos. Bitcoin Conversions is already available, and Bitcoin Payments will launch for eligible U.S. sellers on Nov. 10. Hold on to your wallets, folks. 💳
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2025-10-10 06:58