Jack Dorsey’s company, Block Inc., has introduced a feature that allows merchants to accept bitcoin payments and store the digital asset in a crypto-integrated wallet via Square, its point-of-sale system.
Entrepreneurs using the new Square Bitcoin network will have access to a wallet that lets them buy, sell, store, and withdraw crypto directly from the dashboard. Plus, they can convert money into BTC with zero fees until the end of 2026. However, a 1% transaction fee will kick in on January 1, 2027.
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According to the announcement, merchants will be able to accept and convert up to 50% of daily sales revenue into Bitcoin, up from the previous 10% limit, starting on November 10.
The product shows Dorsey’s ambition to make cryptocurrency a medium for everyday transactions, not just a speculative asset. He has been working on this since leaving Twitter (now X).