Jack Dorsey’s Block Enables Bitcoin Payments For Over Four Million Merchants Worldwide

Jack Dorsey’s Block has launched Bitcoin payments for more than four million Square merchants, enabling instant settlement and fee-free transactions until 2027.

The new feature lets sellers accept BTC at checkout and automatically convert a portion of their daily card payment earnings into Bitcoin, according to a Nov. 10 announcement.

Available through Square’s point-of-sale system, it aims to make Bitcoin as easy to use as traditional payments while keeping fees below credit card rates once they begin.

Currently limited to in-person transactions, Block says online and invoicing capabilities are “in the works,” with further updates expected soon. The rollout reflects Dorsey’s push to position Bitcoin as everyday money rather than just a store of value.

Block Aims To Make Bitcoin Payments ‘Seamless’

“We’re making Bitcoin payments as seamless as card payments while giving small businesses access to financial tools once reserved for large corporations,” said Miles Suter, Block’s head of Bitcoin product. “Square is uniquely positioned to make Bitcoin everyday money, not just a store of value.”

Commenting on X, Dorsey said that the newly-enabled Bitcoin payments feature will give sellers the option to receive BTC to BTC, BTC to fiat, fiat to BTC, and fiat to fiat using their point-of-sale terminals. 

Block had previously indicated that fees will start at 1% once the period of no-fee transactions ends, still lower than the average fee range of 1.5% to 4% charged by credit cards.   

Several X Users Report Seeing Bitcoin Payments In Action

Multiple people on X have already reported seeing the Bitcoin payment feature in action. 

Among them is Zaprite’s head of business development, Parker Lewis, who said he saw the feature in operation “with my own two eyes and bought coffee” at Medici, which is a coffee roaster in Texas. 

Meanwhile, CitizenX’s chief marketing officer Katie Ananina reported that she was the first person to pay using Bitcoin at the same coffee roaster. 

Ananina paying for coffee with Bitcoin (Source: X)

New Map Showing Who Accepts Bitcoin Globally Also Announced

Block currently services over four million sellers through its Square product in countries including the US, France, UK, and Japan.

As part of the new BTC payments feature rollout, Dorsey also shared a post from the head of product design at Cash App, the peer-to-peer payments service offered by Block. The post announced the launch of a map that shows all of the merchants worldwide who accept Bitcoin.

Dorsey has called for a de minimis tax exemption on everyday Bitcoin transactions after a legislative effort fell short some months ago. Lawmakers are currently working on a draft bill for the tax exemption.