This change gives merchants more freedom to manage digital assets and respond to a rapidly changing economy. Square’s update signals not just a technical innovation but a broader shift as more companies and retail businesses embrace cryptocurrency as part of everyday business.
More Choices: Flexible Payouts and Seamless Swaps
At the heart of Square’s announcement is the expanded suite of settlement options available to its vast seller network. Merchants can now choose whether to be paid in BTC or USD after every sale. Even more, they have the option to swap between Bitcoin and fiat currencies—meaning they can convert BTC to BTC, BTC to fiat, fiat to BTC, or fiat to fiat, all within Square’s ecosystem.
This new flexibility represents a significant step forward for merchants seeking to keep pace with the evolving world of digital payments. For instance, a coffee shop owner who receives payments in USD can now easily convert a portion of earnings to Bitcoin, potentially as a hedge against inflation or as part of a broader investment strategy. Conversely, a merchant who has adopted Bitcoin can choose to instantly convert their cryptocurrency into cash, thereby reducing the risk associated with Bitcoin’s notorious price fluctuations.
our sellers can now receive btc to btc, btc to fiat, fiat to btc, or fiat to fiat. https://t.co/NnLsd3fgEb
— jack (@jack) November 10, 2025
Square’s update follows growing demand for direct crypto payment options. According to a recent survey by the National Retail Federation, more than one in four US merchants say they plan to accept cryptocurrency by next year. Square’s move outpaces this trend, offering not just acceptance but conversion and settlement—all in one place.
Reflecting Industry Trends: Crypto and Commerce Converge
Square announced to its users, “Heard you were looking for sellers who accept bitcoin. Available now on CashApp,” highlighting that Bitcoin payment options are now accessible through their popular payment platform, CashApp.
Heard you were looking for sellers who accept bitcoin. Available now on @CashApp 🟧🚀 https://t.co/3p7Rulq8az
— Square (@Square) November 11, 2025
This move makes it easier for both buyers and sellers to transact using Bitcoin, reflecting Square’s ongoing commitment to integrating cryptocurrency into everyday financial services.