Square has rolled out a new payment and wallet package called Square Bitcoin, aimed at letting small shops accept and manage bitcoin inside the same system they already use for sales and money management. According to Square, the package includes Bitcoin Payments , Bitcoin Conversions, and a built-in Bitcoin Wallet, and it was announced as part of the company’s second Square Releases event. Square Makes Bitcoin Part Of Daily Sales Reports have disclosed that Bitcoin Payments will let sellers take bitcoin at the point of sale with zero processing fees for the first year. Merchants will be able to choose whether to hold the Bitcoin they receive or convert it into US dollars. Bitcoin Conversions can automatically turn a share of daily card receipts into bitcoin — up to 50% of daily sales — so businesses can quietly build a bitcoin reserve without extra steps. Square , the merchant services unit of the Jack Dorsey-led Block Inc., also says the Wallet will let sellers buy, sell, hold, and withdraw bitcoin from the same Dashboard they use for payroll and inventory. Early Beta Shows Some Uptake Square first offered Bitcoin Conversions to a limited group in 2024. Based on reports from the company, those early users had accumulated 142 bitcoin as of October 1, 2025. This figure gives a concrete sense of how the tool has been used so far, though it does not speak to the distribution of that bitcoin across businesses or how many shops hold versus convert. Square Banking, which the company launched in 2021, has already been used by many sellers for basic cash management, and this new step brings crypto tools into that existing flow. More Choices For Small Sellers Accepting bitcoin could mean lower visible costs for some sellers. Reports have disclosed that Square is pitching near-instant settlement and reduced fee exposure as reasons merchants might prefer bitcoin payments over other methods. Sellers keep the option to receive sales in US dollars. The point is choice: shops can accept new forms of payment while keeping familiar money controls in place. Tools Tied Into A Bigger Vision Block, Square’s parent company, has been building other bitcoin products for years. Based on reports, those pieces include Cash App’s bitcoin features, Bitkey for self-custody, Proto mining gear, and Spiral, which funds open-source bitcoin projects. The new Square Bitcoin offering is presented as another link in that chain, letting businesses interact with bitcoin at the checkout and on the books. Featured image from Pixabay, chart from TradingView
