#SchwabOpensCryptoAccounts **Square Launches Bitcoin Payments: Bringing Crypto to Millions of Main Street Merchants**

Square, the payments powerhouse owned by **Block, Inc.** (NYSE: XYZ) and founded by Jack Dorsey, has rolled out native **Bitcoin payments** and integrated wallet solutions for its vast network of merchants. This marks one of the most significant pushes yet to make Bitcoin everyday money for small businesses across the U.S.

### Key Details of the Launch

- **Square Bitcoin**: A fully integrated bitcoin payments and wallet solution built directly into the Square ecosystem. Merchants can now accept Bitcoin payments seamlessly through their existing Square hardware and Point of Sale (POS) app.

- **Auto-Enablement**: Starting in early 2026, Square began automatically enabling Bitcoin payments by default for millions of eligible U.S. sellers. No extra setup required — transactions convert instantly to USD at checkout (or merchants can choose to hold BTC).

- **Zero Processing Fees**: Promotional 0% fees for Bitcoin payments through 2026 (and in some cases extended), making it highly attractive compared to traditional card fees.

- **Lightning Network Integration**: Near-instant, low-cost settlements powered by Bitcoin’s Lightning Layer 2. Merchants receive funds quickly, often in USD.

- **Additional Features**:

- Bitcoin Conversions: Automatically convert a portion of daily sales into Bitcoin.

- Integrated wallet tools for managing BTC holdings.

- Customer-side support via Cash App for easy scanning and paying with Bitcoin.

### Timeline & Rollout

- Announced and piloted in 2025 (including demos at Bitcoin 2025 conference).

- Broader rollout began in the second half of 2025.

- Full auto-deployment and availability for millions of merchants achieved in 2026.

### Why This Matters

Square powers point-of-sale systems for hundreds of thousands to millions of small businesses — from coffee shops and retail stores to service providers. By embedding Bitcoin acceptance natively: