Businesses accepting Bitcoin will not pay processing fees for the next two years as part of a new effort to move the digital currency into the everyday economy.
This fee waiver, which will last until the end of 2026, aims to remove one of the biggest obstacles for small stores and local merchants looking to try new payment methods without losing out on transaction costs.
Instant cash conversion for local stores
This plan essentially allows US merchants to receive Bitcoin while also receiving US dollars in their account. This setup eliminates the risk of price fluctuations that often make business owners nervous about digital assets.
When a customer pays at the counter, the system instantly converts the cryptocurrency into cash. According to the report, the feature requires no additional setup for those who qualify, and money will go to the seller’s balance almost immediately.
connect the ecosystem @square It has been a dream since Bitcoin was launched. @Cash App in 2018
Starting today, all sellers can seamlessly accumulate Bitcoin from daily sales.
Bitcoin payment acceptance goes live for everyone on November 10th. pic.twitter.com/mTqbu8wfGG
— Miles 🌞 (@milessuter) October 8, 2025
The default setting is to accept cash, but there are options for those who want to store some of their digital currency. Owners can set up their accounts to “stack” a portion of their daily sales in cryptocurrency instead of taking the entire amount in dollars.
The rollout began on Monday and should reach all eligible Square users by November 10, according to the data. New York-based companies are currently excluded from the program due to certain state regulations.
We are making it easier for millions of businesses to accept Bitcoin.
Eligible in the U.S. starting today @square The merchant will automatically start enabling Bitcoin payments.
Merchants who accept Bitcoin will receive USD by default.
This is how Bitcoin as an everyday currency begins.
— Miles 🌞 (@milessuter) March 30, 2026
Big Tech Moves Toward Everyday Cryptocurrency
Jack Dorsey, head of Block, shared this news following an announcement from Miles Suter, the company’s head of Bitcoin product. The goal is to make these transactions feel like using “everyday money” for millions of businesses.
The block currently holds 8,883 BTC on its ledgers, making it the 14th-largest public holder of the asset. According to BitcoinTreasuries.net, the company purchased supply at an average price of $32,939 per coin.
Square’s move is part of a larger trend of financial companies blending traditional banking with digital assets.
For example, some mortgage lenders now allow people to use cryptocurrency assets to meet their loan requirements without having to sell their coins first.
Image: PYMNTS
Other platforms such as Coinbase and Kraken have also brought back programs that allow users to borrow cash against their Bitcoin.
Expanding financing options for borrowers
According to a recent report, these changes are also having an impact on the housing market. Better Home & Finance recently partnered with a major exchange to allow buyers to use digital assets as collateral for a home loan down payment. This allows homeowners to secure a mortgage while keeping their investment intact.
Featured image from Unsplash, chart from TradingView
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