Square has launched a new payments and wallet package called Square Bitcoin that aims to enable small stores to accept and manage Bitcoin within the same systems 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 was announced as part of the company’s second Square Releases event.
Square makes Bitcoin part of daily sales
According to the report, Bitcoin payments allow merchants to receive Bitcoin at the point of sale without a processing fee for the first year.
Sellers can choose whether to hold on to the bitcoins they receive or convert them into U.S. dollars. Bitcoin Conversions can automatically convert a portion of daily card receipts, up to 50% of daily sales, into Bitcoin, allowing businesses to quietly build Bitcoin reserves without any additional steps.
Square, the seller services arm of Jack Dorsey-led Block Inc., also said Wallet will allow merchants to 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 conversion to a limited group in 2024. Those early users have accumulated 142 bitcoins as of October 1, 2025, the company reports.
While these numbers provide specific information about how the tool has been used so far, they do not indicate the distribution of those Bitcoins across the enterprise or the number of stores holding them and the number of conversions.
Square Banking, which the company launched in 2021, is already used by many merchants for basic cash management, and this new step introduces a crypto tool into the existing flow.
More choices for small sellers
Accepting Bitcoin may result in noticeable lower fees for some merchants. Square is reportedly offering near-instant payments and reduced fee exposure as reasons why merchants may prefer Bitcoin payments over other methods.
Sellers retain the option to accept sales in U.S. dollars. The point is choice. Stores can accept new payment methods while maintaining familiar money management.
Tools connected to a bigger vision
Block, Square’s parent company, has been building other Bitcoin products for several years. According to the report, these parts include Cash App’s Bitcoin functionality, Bitkey for self-storage, Proto mining rigs, and Spiral to fund open-source Bitcoin projects.
The new Square Bitcoin product serves as another link in that chain, allowing businesses to interact with Bitcoin in payments and ledgers.
Featured image from Pixabay, chart from TradingView
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