Digital Payment Revolution: Jack Dorsey’s Square Opens BTC Access for Millions of Merchants!

Jakarta, Pintu News – Payment processor Square recently launched a Bitcoin payment feature, allowing millions of merchants around the world to accept payments in the form of this cryptocurrency. This initiative, led by Jack Dorsey, the co-founder of Block who owns Square, marks a major step in the adoption of Bitcoin (BTC) in the retail sector.

Square Launches Bitcoin Payment Feature

Square has introduced a feature that allows merchants to accept payments in Bitcoin (BTC) through their point-of-sale system. According to Jack Dorsey, merchants can now accept payments from Bitcoin (BTC) to Bitcoin (BTC), Bitcoin (BTC) to fiat, fiat to Bitcoin (BTC), or fiat to fiat.

The feature is currently available for in-store purchases and point-of-sale terminals, with plans to expand to online and factored options in the future. Jacob Szymik, an account executive at Square, added that there will be no transaction fees until 2027.

After that period, fees will start at 1%, which is still lower than credit card processing fees that range from 1.5% to 4%. This is a strategic move to increase the use of Bitcoin (BTC) in everyday transactions.

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Initial Consumer Use

Since its launch, several users have reported using the Bitcoin (BTC) payment feature at various coffee shops in the United States. Parker Lewis, head of business development at Bitcoin (BTC) and fiat payment platform Zaprite, witnessed first-hand the use of this system and even made a coffee purchase in Texas.

Katie Ananina, chief marketing officer at technology platform CitizenX, claimed to be the first person to pay using Bitcoin (BTC) at the same coffee shop. These two testimonials show that the early adoption of this new feature has been well received by the community. With more than four million merchants using Square across eight countries, the growth potential of using Bitcoin (BTC) in commercial transactions is huge.

Global Map of Bitcoin Merchants

As part of efforts to promote the use of Bitcoin (BTC), Jack Dorsey also announced the launch of a map showing all merchants around the world that accept Bitcoin (BTC). The map aims to make it easier for consumers to find merchants that accept Bitcoin (BTC) and encourage more merchants to accept the cryptocurrency.

Dorsey emphasized the importance of merchants to retain the Bitcoin (BTC) they receive to help them survive the depreciation of the dollar. This initiative not only supports the growth of the digital economy but also strengthens Bitcoin’s (BTC) position as a viable means of payment.

Conclusion

Square’s initiative in introducing Bitcoin (BTC) payments marks a new era in digital and retail transactions. By reducing transaction costs and expanding access to crypto payments, Square is at the forefront of the digital payments revolution. Going forward, the global adoption of Bitcoin (BTC) is expected to continue to increase, bringing positive impacts to merchants and consumers around the world.

Also Read: Bitcoin Poised to Surge After US Government Shutdown Deal: History Repeats?

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Reference

• Cointelegraph. Jack Dorsey’s Square now lets merchants accept Bitcoin. Accessed on November 12, 2025