Square, Payment Service Arm of Block (XYZ), has launched a new set of tools aimed at making Bitcoin Easier to use for small businesses, let sellers accept crypto payments and manage their digital assets with traditional economies, the company announced on Wednesday.
The offer, called Square Bitcoin, includes three main features: Bitcoin payments, automatic Bitcoin conversions from card sales and a native Bitcoin design book built into Square’s Seller Platform. Sellers will be able to accept Bitcoin without treatment fees for the first year and choose to convert up to 50% of their daily sales to Bitcoin automatically. The tools are available to eligible US companies where Bitcoin payments roll out November 10.
The message reflects a wider trend. Crypto payments in the United States are expected to grow 82% between 2024 and 2026, according to data cited in release. But so far, access to Bitcoin has mostly focused on investors or technically-capable individuals. Square’s Move aims to bring this access to Main Street.
In practice, the tools could have a local coffee shop accept a Bitcoin payment from a customer using a phone wallet, converting half of their day’s sales to Bitcoin automatically and reviewing all their finances in the same dashboard they use to manage furniture and payroll. According to Square, 142 Bitcoin has already been accumulated by early use of the conversion function, first piloted in 2024.
By folding Bitcoin in its existing payments and bank ecosystem, a subsidiary of Block (SQ) is trying to lower the barrier for access for small businesses to participate in the crypto economy. It is also a continuation of Block’s long -standing focus on Bitcoin, spans retailing tools such as cash app and hardware initiatives such as its Bitkey Wallet and Proto Mining Products.
Miles Same, head of Bitcoin product on Block, said the tools are designed to help sellers “never miss a sale” while giving them access to financial tools that have typically been out of reach.
“We make Bitcoin payments as seamless as card payments,” he said in a statement.
