Square has announced a new payments and wallet package called Square Bitcoin. It aims to allow small stores to accept and manage Bitcoin within the same systems they already use for sales and fund management.
Square says the package includes Bitcoin payments, Bitcoin conversion, and a built-in Bitcoin wallet, and was announced as part of the company’s second Square release event.
Square makes Bitcoin part of daily sales
According to reports, Bitcoin Payments will allow sellers to receive Bitcoin at the point of sale with zero fees for the first year.
Sellers will have the option to keep the Bitcoins they receive or exchange them for USD. Bitcoin Conversions allows companies to automatically convert a portion of their daily card receipts (up to 50% of their daily sales) into Bitcoin, allowing businesses to quietly build up their Bitcoin reserves without any additional steps.
Square, the merchant services arm of Jack Dorsey’s Block Inc., also says the wallet will allow sellers to buy, sell, hold and withdraw Bitcoin from the same dashboard they use for payroll and inventory management.
Early beta versions show some adoption
Square first offered Bitcoin conversion to a limited group in 2024. According to a report from the company, these early users had accumulated 142 Bitcoins as of October 1, 2025.
While this number gives a concrete picture of how the tool has been used to date, it does not mention the distribution of Bitcoin across the company or how many stores are holding and converting.
Square Banking, which the company launched in 2021, is already used by many sellers for basic cash management, and this new step will introduce crypto tools to that existing flow.
More options for small sellers
Accepting Bitcoin could mean tangible cost savings for some sellers. The report revealed that Square touts near-instant payments and lower transaction fees as reasons why merchants prefer Bitcoin payments over other methods.
Seller retains the option to receive proceeds in USD. It’s all about choice. Stores can accept new payment formats while maintaining familiar financial management.
Tools tied to a bigger vision
Block, Square’s parent company, has developed other Bitcoin products over the years. According to the report, those parts include Cash App’s Bitcoin functionality, Bitkey for self-custody, Protomining Gear, and Spiral, which funds open-source Bitcoin projects.
The new Square Bitcoin service comes as another link in that chain, allowing businesses to interact with Bitcoin at checkout and on their books.
Featured image from Pixabay, chart from TradingView
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