Square, Led by Jack Dorsey, Introduces Bitcoin Payments with 0% Transaction Fees

Jack Dorsey’s Square Launches Fee-Free Bitcoin Payments for Users Worldwide

Jakarta, Pintu News – Square, a subsidiary of Block Inc. led by Jack Dorsey, recently announced the launch of Square Bitcoin, a payments platform and wallet that enables more than four million merchants in the US to accept and manage Bitcoin (BTC) directly through Square’s existing systems.

Square Bitcoin Introduction

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Square Bitcoin integrates payments, conversions, and storage in one easy-to-use interface. Merchants can now accept Bitcoin (BTC) at checkout, with the option to automatically convert up to 50% of their daily sales into Bitcoin. This makes it easy for merchants to manage their crypto assets directly from the Square Dashboard.

With this integration, merchants no longer need to use third-party services for their crypto transactions. All processes, from acceptance to conversion, are done in one integrated system. This not only speeds up the process but also reduces operational costs usually associated with crypto transactions.

Impact on Crypto Industry

The launch of Square Bitcoin marks increased competition in the crypto payments industry. PayPal has been processing transactions using the stablecoin through PYUSD, while Stripe and Visa are trialing on-chain settlement.

By providing native support for Bitcoin and instant fiat conversion, Square is encouraging competitors to expand their reach beyond stablecoins and adopt a decentralized path.

Square’s presence in this arena might spark further innovation and wider adoption of crypto payments among merchants. It could also be a catalyst for increased public trust and acceptance of crypto as a legitimate means of payment.

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Future Prospects of Crypto Payments

With this big move by Square, the future of crypto payments looks even brighter. Merchants who were previously hesitant to accept crypto now have easier and more integrated tools to do so without having to worry about price volatility or technical complexities.

In addition, consumers who use Bitcoin for everyday transactions may experience increased convenience and transaction speed. This could encourage more people to use crypto in their daily lives, expanding the use of crypto beyond just an investment asset.

Overall, this Square initiative not only changes the way merchants accept payments but also marks an important step in the evolution of digital payments.

By reducing entry barriers for merchants and consumers, Square Bitcoin may have paved the way for a new era in crypto payments.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. Square Launches 0-Fee Bitcoin Payments Program. Accessed on October 10, 2025
• Cryptopolitan. Dorsey’s Block Launches Bitcoin Wallet. Accessed on October 10, 2025