Jack Dorsey’s Square auto-enables bitcoin payments for millions of U.S. businesses

The new rollout converts BTC to dollars by default for small businesses, aiming to embed bitcoin into everyday commerce without added friction. What to know : Square has begun automatically enabling bitcoin payments for millions of eligible U.S. sellers, instantly converting transactions to dollars at checkout with no processing fees through 2026. The new feature removes merchants’ exposure to bitcoin price volatility and custody issues by defaulting settlement to U.S. dollars while integrating directly into existing Square payment systems. Industry leaders, including Lightspark CEO David Marcus, say the move could mark a pivotal step toward bitcoin becoming foundational financial infrastructure, akin to TCP/IP's standardization of data transfer on the internet.