Jack Dorsey's Square has introduced Bitcoin payments and a Bitcoin wallet for U.S. retailers, beginning November 10, 2025, with no processing fees for the first year, enhancing Bitcoin adoption.
The launch could expand Bitcoin's merchant acceptance, potentially influencing Block's stock positively and setting a precedent for mainstream cryptocurrency payments integration.
Square's Bitcoin Offering: No Fees for First Year
Square, under the leadership of Jack Dorsey, is launching new Bitcoin payment solutions and a wallet for U.S. retailers. This move aligns with Block's strategy to expand digital asset adoption.
The rollout allows merchants to accept and manage Bitcoin seamlessly. Existing Square platforms can integrate these changes, with no processing fees for the initial year, fostering widespread adoption. According to Jack Dorsey, "Accept bitcoin payments with no fees. Starting November 10, 2025, you can expand your customer base by accepting bitcoin payments and automatically receive settlement in USD or BTC directly within your Square dashboard." More details can be found here.
Market Reacts: Block Hits Eight-Month Stock High
Market response has been positive, with Block's stock reaching an eight-month high. The introduction of Bitcoin payments signals potential growth in merchant interest and retail adoption of digital currency.
The initiative may enhance the usage of Bitcoin as "everyday money". Historical trends reveal retail adoption events positively impact Bitcoin demand and price, positioning Square ahead in blockchain technology integration.
Square's Strategic Moves Mirror Shopify, PayPal
Historically, companies like Shopify and PayPal have shown that enabling Bitcoin payments increases retail demand. These precedents provide insight into Square’s potential market influence.
Experts suggest that Dorsey's initiatives may lead to long-term enhancements in Bitcoin acceptance, given his history of BTC advocacy. This could resonate well within crypto-friendly financial environments.