Square Lets Merchants Instantly Convert Card Sales to Bitcoin

Instant Bitcoin Payments at the Point of Sale

With this update, Square users can now accept Bitcoin directly at checkout. Instead of waiting for traditional bank settlements, merchants receive Bitcoin instantly, offering both speed and flexibility. The process is straightforward. When a customer pays with a credit or debit card, the amount is automatically converted into Bitcoin and deposited into the merchant’s account. This removes the complexity of holding or converting digital assets manually, and with zero fees. So, businesses can adopt Bitcoin without worrying about additional costs cutting into their revenue.

Connecting the ecosystem with @Square has been the dream since we launched bitcoin in @CashApp in 2018

Starting today, all merchants can now seamlessly stack bitcoin behind the scenes from their daily sales

Bitcoin Payments Acceptance will be live for everyone on November 10 pic.twitter.com/mTqbu8wfGG

— Miles 🌞 (@milessuter) October 8, 2025

This approach mirrors a broader trend in digital payments. For example, Starbucks has been experimenting with Bitcoin and blockchain-based rewards for years, allowing customers to pay and earn loyalty points using crypto. Square’s implementation takes a similar idea a step further, enabling merchants to accept Bitcoin directly without third-party intermediaries or hidden costs.

The adoption of Bitcoin at the point of sale signals growing confidence in cryptocurrency as a practical medium of exchange. According to a 2025 report by Chainalysis, global cryptocurrency adoption has increased by over 30% in the past year, with payments and retail use cases driving much of the growth. For merchants, accepting Bitcoin can attract a new segment of tech-savvy customers, enhance brand appeal, and offer an alternative to traditional banking systems.

More About Bitcoin Payments

In a letter addressed to the Finance Minister, Nordin argued that removing capital gains tax on Bitcoin could encourage broader adoption in Sweden and help the country stay aligned with global cryptocurrency trends.

🚨 JUST IN: 🇸🇪 Sweden proposes removing Bitcoin capital gains taxes for payments

They’re also considering a Bitcoin strategic reserve

HUGE 🔥 pic.twitter.com/xvyphCWn0Q

— Bitcoin Archive (@BTC_Archive) October 8, 2025

He emphasized that easing tax treatment would make Bitcoin a more attractive option for both investors and businesses. Beyond adoption, Nordin highlighted Bitcoin’s potential as a hedge against inflation, noting that it could provide stability for individuals and institutions during periods of economic volatility.

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