🟠 Jack Dorsey’s Block Launches Bitcoin Wallet for Small Businesses
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Block, the payments company founded by Jack Dorsey, has introduced a new Bitcoin wallet designed to help small U.S. businesses accept and manage cryptocurrency payments. The wallet integrates with Block’s Square sales system, allowing merchants to automatically convert a portion of their daily card sales into Bitcoin with no fees initially. Starting November 10, businesses can accept Bitcoin payments and convert up to 50% of daily revenue into Bitcoin. Block will not charge processing fees for Bitcoin transactions until January 1, 2027, when a 1% fee will be introduced. The service is currently unavailable outside the U.S. and in New York
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