"Starting today, eligible U.S. Square sellers will begin having Bitcoin payments automatically enabled. Sellers who accept Bitcoin will receive USD as default," said Miles Suter, Block’s Bitcoin product lead. He added that the ability will roll out to all sellers in the coming month.
Under the new system, merchants who accept Bitcoin payments will receive USD as their default settlement currency, with the conversion handled automatically in the background. The feature comes with zero fees for accepting Bitcoin payments.
Merchants retain control over the feature and can opt out or adjust settings if they prefer not to accept Bitcoin payments. The automatic enablement represents a strategic shift in how payment processors approach cryptocurrency integration, moving from requiring merchants to actively choose Bitcoin acceptance to making it a default option.
