Square Unleashes 0% Fee Bitcoin Payments, Sending Block Stock to an 8-Month High

Core Insights - Square, a subsidiary of Block Inc., has launched Square Bitcoin, a comprehensive payments and wallet solution aimed at facilitating Bitcoin adoption among U.S. merchants [1][3] - The new feature will allow businesses to process Bitcoin payments starting November 10, 2025, with zero fees for the first year and options for instant settlement in Bitcoin or U.S. dollars [2] - Square Bitcoin combines Bitcoin Payments and Bitcoin Conversions, along with a built-in wallet for managing Bitcoin transactions within the Square Dashboard [3] Industry Impact - The rollout is seen as a significant step in integrating traditional commerce with digital currency, making Bitcoin payments as seamless as card payments [4] - U.S. cryptocurrency payment users are projected to grow by over 80% between 2024 and 2026, indicating a broader industry shift towards digital currency in everyday transactions [4] Business Features - The new system simplifies Bitcoin adoption for local businesses by eliminating the need for technical expertise and providing an all-in-one platform for both fiat and Bitcoin transactions [5] - Square's Bitcoin initiatives also include Cash App's Bitcoin trading feature, Bitkey, and Proto, which are aimed at enhancing Bitcoin's utility [5] Adoption Metrics - Since the beta rollout of Bitcoin Conversions in 2024, participating merchants have collectively accumulated 142 Bitcoin as of October 1, 2025, showcasing early adoption success [6]