Quick Take

• The rollout includes new bitcoin payment tools and a merchant wallet aimed at making cryptocurrency use easier for small businesses.
• Surveys offer mixed signals on adoption, with some forecasting sharp growth while Fed data shows usage still under 2% of U.S. consumers.

Square, Block's merchant payments arm, is rolling out an integrated bitcoin solution that lets businesses accept, hold, and convert the cryptocurrency directly from their point-of-sale systems.

Merchants won’t pay fees on bitcoin transactions until 2027, when Square plans to introduce a 1% charge.

Square is also adding a bitcoin wallet for merchants, allowing them to buy, sell, hold, or withdraw the cryptocurrency from their dashboards. Businesses that opt in can now automatically convert up to half of their daily revenue into bitcoin, compared with a previous cap of 10%.

...read more at theblock.co