Square rolls out Bitcoin payments at POS for eligible US merchants The most recent news about crypto industry at Cointelegraph. Latest news about bitcoin, ethereum, blockchain, mining, cryptocurrency prices and more Rolling out over the coming month, a Block executive said Bitcoin payments at point-of-sale will be automatically enabled and settled in US dollars by default.Square, the payments platform of Block, has begun rolling out Bitcoin payments at its point-of-sale terminals for eligible US sellers, with the automatic feature going live today as part of a phased rollout over the coming month. Suter said the feature is designed to make it easier for “millions of businesses” to accept Bitcoin, adding that eligible US sellers will have payments automatically enabled and will receive US dollars by default when customers pay in Bitcoin (He described the move as a step toward using “Bitcoin as everyday money.” Bitcoin payment acceptance is expected to be available to all Square merchants by Nov. 10., Square said transactions will convert instantly to cash at checkout, require no additional setup, and offer near-instant settlement. The company added that merchants do not need to hold Bitcoin and that the feature will carry zero processing fees through 2026. According to Square’s website, the feature is currently available to US sellers that meet verification requirements, excluding businesses based in New York. The rollout, which could lower barriers to Bitcoin payments by removing volatility and custody risk for millions of merchants, was, Block ranks as the 14th-largest publicly traded holder of Bitcoin, with 8,883 BTC on its balance sheet at an average cost of $32,939 per coin.Beyond payments and its role as a store of value, Bitcoin is increasingly being used in lending and broader financial infrastructure.The offering builds on a structured model previously limited to its private and OTC channels, which facilitated more than $140 million in borrowing in 2025, according to the company.in the United States, enabling users to borrow up to $100,000 in USDC against BTC held on the platform, and in February, Kraken followed with fixed-rate crypto loans for Pro users, offering borrowing against digital assets at rates of 10%–25% APR for terms of up to two years. Traditional finance is also beginning to incorporate Bitcoin and crypto-backed credit. US mortgage lender Rate recently launched a program allowing borrowers tointroduced a structure that lets borrowers pledge crypto as collateral for loans used to fund down payments on Fannie Mae–compliant mortgages.Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy