Businesses that accept bitcoin will pay no processing fees for the next two years as part of a new push to move the digital currency into the everyday economy.
This fee waiver, which runs until the end of 2026, aims to remove one of the biggest hurdles facing small stores and local sellers who want to try new payment methods without losing money in transaction costs.
Instant cash transfers to local stores
The plan allows US traders to accept Bitcoin While they receive US dollars in their accounts by default. This setup eliminates the risk of price fluctuations that often make business owners worry about digital assets.
When a customer pays at the counter, the system converts the cryptocurrency into cash instantly. Reports show that this feature requires no additional setup for those who qualify, and funds move to the merchant’s balance almost instantly.
Connecting the ecosystem with @square It’s been a dream since we launched Bitcoin in @CashApp In 2018
Starting today, all merchants can now seamlessly accumulate Bitcoin behind the scenes of their daily sales
Accepting Bitcoin payments will be available to everyone on November 10 pic.twitter.com/mTqbu8wfGG
– Miles 🌞 (@milesuter) October 8, 2025
While the default is to receive cash, there is an option for those who want to hold some cryptocurrency. Owners can set their accounts to “staking” a portion of their daily sales in cryptocurrencies instead of taking the entire dollar amount.
Data indicates that the rollout began on Monday and should reach all those eligible square users by November 10. New York-based companies are currently excluded from the program due to specific state regulations.
We make it easier for millions of businesses to accept Bitcoin.
Starting today, US eligible @square Sellers will start enabling Bitcoin payments automatically.
Sellers who accept Bitcoin will receive US dollars as a virtual value.
This is how Bitcoin starts out as everyday money.
– Miles 🌞 (@milesuter) March 30, 2026
Big tech companies are turning to cryptocurrencies every day
Jack DorseyBlock’s president shared the news following an announcement from the company’s Bitcoin product lead, Miles Sutter. The goal is to make these transactions appear to be using the “everyday money” of millions of businesses.
Block currently has 8,883 BTC on its own books, ranking it as the 14th largest public holder of the asset. The company purchased its supplies at an average price of $32,939 per coin, according to the website BitcoinTreasuries.net.
Square’s move is part of a larger trend in which financial companies blend traditional banking services with digital assets.
For example, some mortgage lenders now allow people to use their cryptocurrency holdings to meet loan requirements without selling their coins first.
Image: PYMNTS
Other platforms like Coinbase and Kraken have also brought back programs that allow users to borrow cash in exchange for their bitcoin.
Expanding financial options for borrowers
Recent reports indicate that this shift has reached the housing market as well. Better Home & Finance recently partnered with a major exchange to allow buyers to use their digital assets as collateral for down payments on home loans. This allows the homeowner to secure the mortgage while keeping their investment intact.
Featured image from Unsplash, chart from TradingView
Editing process Bitcoinist focuses on providing well-researched, accurate, and unbiased content. We adhere to strict sourcing standards, and every page is carefully reviewed by our team of senior technology experts and experienced editors. This process ensures the integrity, relevance, and value of our content to our readers.
