Summary
- Block said it has introduced a feature that automatically enables bitcoin payments on existing payment systems for small businesses in the United States.
- It said bitcoin is immediately converted into U.S. dollars at checkout, allowing merchants to accept it without price volatility or custody burdens.
- It added that the service will be offered with no fees through 2026, and described the move as part of the “Square Bitcoin” strategy to integrate digital-asset payments into everyday commerce.
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Block, the payments company founded by Jack Dorsey, has expanded the rollout of bitcoin payments for small businesses in the United States.
According to CoinDesk, a digital asset (cryptocurrency) trade publication, on the 30th (local time) Block introduced a feature that automatically enables bitcoin payments on existing payment systems without additional setup.
At checkout, bitcoin is immediately converted into U.S. dollars, allowing merchants to accept it without exposure to price volatility or the burden of custody.
The service will also be offered with no fees through 2026.
The move, part of the “Square Bitcoin” strategy, is seen as an effort to integrate digital-asset payments more naturally into everyday commerce.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
