Square switches on Bitcoin payments by default for eligible US merchants

Share

Square, the payments platform owned by Block, began automatically enabling Bitcoin payments for eligible US businesses on March 30, 2026. The full rollout, which covers a network of more than four million sellers, is scheduled to be completed by November 10, 2026. Payments are processed through Lightning Network, and Bitcoin received from customers is automatically converted into US dollars unless merchants choose to hold it. Processing is free through December 31, 2026, before a flat 1% fee starts on January 1, 2027. Individual transactions are capped at approximately $600 and each seller faces a daily ceiling of about $20,000, while the service is unavailable in New York and certain other jurisdictions.

Source: Read the original article

Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Read More

Items