Bitcoin Now Accepted By 4 Million Businesses, Thanks To Jack Dorsey

Christian Encila

Last Updated: November 11, 2025 1:00 pm

2 mins read

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Block, the payments firm led by Jack Dorsey, has rolled out a new Bitcoin payments option that is available to about 4 million Square merchants, allowing businesses to accept Bitcoin at checkout and offering promotional fee relief to sellers.

Reports have disclosed the rollout began on November 10, and it targets Square’s existing merchant base in the US.

Block Enables Bitcoin For Merchants

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.

our sellers can now receive btc to btc, btc to fiat, fiat to btc, or fiat to fiat. https://t.co/NnLsd3fgEb

— jack (@jack) November 10, 2025

Fees And Conversion Rules

Based on reports, Block will not charge processing fees for Bitcoin payments through January 1, 2027; after that date a fee of roughly 1% per transaction is expected to apply.

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.

BTCUSD currently trading at $105,038. Chart: TradingView

Adoption at scale is the key test. Getting a payment method into the Point of Sale does not guarantee customers will use it. Reports point out that many of the 4 million merchants are active sellers on Square, but uptake will depend on consumer demand, merchant settings, and how easy the checkout flow feels to shoppers.

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.

Merchant Uptake And Market Impact

Analysts and industry writers say the move could push Bitcoin further into everyday commerce if customers and shops begin to prefer it for routine purchases. If even a fraction of the 4 million sellers enable Bitcoin, the network will see more real-world payment use.

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

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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