Reports have disclosed the rollout began on November 10, and it targets Square’s existing merchant base in the US.
According to company notices and trade reporting, merchants can accept Bitcoin payments directly at the point of sale, with transactions able to settle over the Lightning Network to speed up confirmation times. The feature also includes automatic conversion options so sellers can choose to receive fiat or hold BTC.
Some pieces also say merchants may be allowed to convert up to 50% of daily card sales into Bitcoin automatically, giving businesses an easy way to build a crypto position from routine revenue. The current rollout is focused on the US market, with certain regions such as New York excluded for now.
Early coverage notes that Block is highlighting the lack of chargebacks and the lower friction of Lightning to persuade smaller stores to try Bitcoin.
Technical and regulatory issues were also called out. Some outlets mention limitations tied to local rules, the need for anti-money-laundering checks, and the strength of Lightning routing for small payments.
Accounting and tax treatment remain practical concerns for merchants weighing whether to keep Bitcoin or convert to fiat immediately. Block has said it will integrate conversion tools to help with volatility management.
Still, adoption will likely be gradual, and results will be visible only after merchants run the feature for a few months.
Featured image from Unsplash, chart from TradingView
