Square's move to allow Bitcoin payments with no transaction fees has boosted Block Inc. (formerly Square) stock to its highest level in eight months.

Square's Bitcoin Payment System Launch

Square, a Block Inc. subsidiary, introduced Square Bitcoin, a new payments and wallet solution allowing over four million U.S. merchants to accept and manage Bitcoin. The service begins November 10, 2025, with zero fees for the first year and instant settlement in Bitcoin or U.S. dollars. Merchants can automatically convert up to 50% of daily card sales into Bitcoin, simplifying savings diversification.

Key Features and Merchant Benefits

Square Bitcoin integrates Bitcoin payments and conversion features with a built-in wallet accessible through the Square Dashboard. This allows users to buy, sell, hold, and withdraw Bitcoin. The launch simplifies Bitcoin adoption for small businesses, removing the need for technical expertise and offering a combined fiat and Bitcoin platform.

Industry-Wide Cryptocurrency Adoption

Square's initiative aligns with broader industry trends, including projections of an 82% rise in U.S. cryptocurrency payment users between 2024 and 2026. Other companies like Google, Visa, and Mastercard are also integrating stablecoins and crypto-related services. This widespread adoption signifies a growing acceptance of digital currency in daily commerce.

Block's Bitcoin Strategy and Market Response

Block's move expands beyond payments, incorporating Cash App’s Bitcoin trading, Bitkey wallet, and Proto mining products. The announcement positively impacted Block’s stock, rising to its highest level in eight months, showcasing investor confidence in the company's commitment to Bitcoin integration. The platform will roll out in phases concluding in 2026.