Block’s payment platform Square has started offering Bitcoin payments at point-of-sale terminals for eligible US merchants. The automatic feature went live today and will roll out gradually to all Square merchants over the next month, completing by November 10.
Source: Miles Suter
Details of Square’s Bitcoin Payment Feature
The feature, announced via Miles Suter’s X post and CEO Jack Dorsey’s repost, makes it easier for millions of businesses to accept Bitcoin. If customers pay with BTC, merchants receive USD by default, with an option to accumulate BTC from daily sales. Transactions are instantly converted to cash, require no additional setup, offer instant settlement, and apply zero transaction fees until 2026. Valid for US merchants outside New York who meet verification requirements.
Block’s Bitcoin Holdings and Strategy
Source: BitcoinTreasuries.NET
Block ranks as the 14th largest public holder with 8.883 BTC according to BitcoinTreasuries.net data. This move strengthens the company’s Bitcoin-focused strategy and accelerates institutional adoption, as we examined on our BTC detailed analysis pages.
BTC Current Technical Analysis and Market Status
Bitcoin is currently trading at 66.635,60 USD (+0,13% 24h). RSI at 42,27 is in the neutral zone, but the overall trend is downward and Supertrend is giving a bearish signal. EMA 20: pressure above 68.939 USD. Strong supports: S1 62.909 USD (⭐70/100, -5,63%), S2 60.000 USD (⭐66/100, -10%). Resistances: R1 68.036 USD (⭐73/100, +2,06%), R2 83.437 USD. This development could be a positive catalyst in BTC’s futures market and may trigger an altcoin rally.
Advantages of Bitcoin Acceptance for Merchants
- Instant USD conversion for risk-free cash flow
- Zero fees (until 2026)
- BTC accumulation option for long-term gains
- Access to millions of Square users
Square’s this step supports market adoption by increasing Bitcoin’s use in daily payments. Follow our site for detailed ALT coin analyses.
Source: https://en.coinotag.com/square-launches-bitcoin-payments-on-pos
