Square Bets on Bitcoin: A Tiny Shop’s Grand Wallet Scheme

by

In a small town of commerce, Square unveils another device they call Square Bitcoin, a package meant to let little shops take and keep bitcoin within the very ledger they already use for sales and counting the coins. A curious marriage of old trade and new rumor, with a wink from the future that never quite arrives on time.

According to Square, the package consists of Bitcoin Payments, Bitcoin Conversions, and a built-in Bitcoin Wallet, announced during the company’s second Square Releases event-like a play within a play, with a bow and a whispered aside.

Square Makes Bitcoin Part Of Daily Sales

Reports say Bitcoin Payments will let sellers accept bitcoin at the point of sale with zero processing fees for the first year. A little mercy from the ledger gods, perhaps, or simply a sales pitch dressed in modernization.

Merchants may decide whether to hold the Bitcoin they receive or convert it into US dollars. Bitcoin Conversions can automatically turn a portion of daily card receipts into bitcoin – up to 50% of daily sales – so businesses can quietly build a bitcoin reserve without lifting a finger. A modern alchemy, or a well-timed nudge from a bored accountant with too much coffee.

Square, the merchant-services arm of Block Inc., led by Jack Dorsey, also says the Wallet will let sellers buy, sell, hold, and withdraw bitcoin from the same Dashboard they use for payroll and inventory. A single pane of glass for payroll, inventory, and cryptocurrency-like a kitchen window that looks out on a bazaar and a mine, all at once. 😅

Early Beta Shows Some Uptake

Square first offered Bitcoin Conversions to a select group in 2024. Based on company reports, those early users had accumulated 142 bitcoin as of October 1, 2025. A tidy little pile, though it does not reveal how those coins are distributed among shops or how many hold versus convert. A ledger’s mystery, wrapped in a digital riddle.

Square Banking, which the company launched in 2021, has already been used by many sellers for basic cash management, and this new step threads crypto tools into that existing fabric. A quiet addition to a familiar quilt, if you squint.

More Choices For Small Sellers

Accepting bitcoin could mean lower visible costs for some sellers. Reports have disclosed that Square is pitching near-instant settlement and reduced fee exposure as reasons merchants might prefer bitcoin payments over other methods. A promise of speed and a dash of uncertainty, like a train that says it will reach the next village before you finish your tea.

Sellers keep the option to receive sales in US dollars. The point is choice: shops can welcome new forms of payment while keeping familiar money controls in place.

Tools Tied Into A Bigger Vision

Block, Square’s parent company, has been building other bitcoin products for years. Based on reports, those pieces include Cash App’s bitcoin features, Bitkey for self-custody, Proto mining gear, and Spiral, which funds open-source bitcoin projects. A corridor of curious enterprise and stubborn optimism, all in a row.

The new Square Bitcoin offering is presented as another link in that chain, letting businesses interact with bitcoin at the checkout and on the books. A small step, perhaps, toward a future where wallets and ledgers share a knowing, tired smile.

Read More

2025-10-10 01:29