Square enables bitcoin payments for millions

Jack Dorsey's Square is now automatically enabling bitcoin payments for millions of U.S. businesses, instantly converting cryptocurrency to U.S. dollars at checkout. This feature aims to integrate bitcoin into everyday commerce by removing price volatility and custody concerns for merchants, as transactions are settled in fiat by default. The move is seen by industry leaders as a significant step towards bitcoin becoming foundational financial infrastructure, similar to how TCP/IP standardized internet data transfer. With zero processing fees through 2026, Square is lowering the barrier for widespread adoption among small businesses.