Block, the payments firm led by Jack Dorsey, has rolled out a new Bitcoin payments option that is available to about 4 million Square merchants, allowing businesses to accept Bitcoin at checkout and offering promotional fee relief to sellers. Related Reading: Trump Media Takes $55M Hit As Bitcoin Holdings Surge In Value Reports have disclosed the rollout began on November 10, and it targets Square’s existing merchant base in the US. Block Enables Bitcoin For Merchants According to company notices and trade reporting, merchants can accept Bitcoin payments directly at the point of sale, with transactions able to settle over the Lightning Network to speed up confirmation times. The feature also includes automatic conversion options so sellers can choose to receive fiat or hold BTC. our sellers can now receive btc to btc, btc to fiat, fiat to btc, or fiat to fiat. https://t.co/NnLsd3fgEb — jack (@jack) November 10, 2025 Fees And Conversion Rules Based on reports, Block will not charge processing fees for Bitcoin payments through January 1, 2027; after that date a fee of roughly 1% per transaction is expected to apply. Some pieces also say merchants may be allowed to convert up to 50% of daily card sales into Bitcoin automatically, giving businesses an easy way to build a crypto position from routine revenue. The current rollout is focused on the US market, with certain regions such as New York excluded for now. Adoption at scale is the key test. Getting a payment method into the Point of Sale does not guarantee customers will use it. Reports point out that many of the 4 million merchants are active sellers on Square, but uptake will depend on consumer demand, merchant settings, and how easy the checkout flow feels to shoppers. Early coverage notes that Block is highlighting the lack of chargebacks and the lower friction of Lightning to persuade smaller stores to try Bitcoin. Technical and regulatory issues were also called out. Some outlets mention limitations tied to local rules, the need for anti-money-laundering checks, and the strength of Lightning routing for small payments. Accounting and tax treatment remain practical concerns for merchants weighing whether to keep Bitcoin or convert to fiat immediately. Block has said it will integrate conversion tools to help with volatility management. Related Reading: Trump’s Bitcoin Bet Grows: American Bitcoin Now Holds Over 4,000 BTC Merchant Uptake And Market Impact Analysts and industry writers say the move could push Bitcoin further into everyday commerce if customers and shops begin to prefer it for routine purchases. If even a fraction of the 4 million sellers enable Bitcoin, the network will see more real-world payment use. Still, adoption will likely be gradual, and results will be visible only after merchants run the feature for a few months. Featured image from Unsplash, chart from TradingView
The debate about Bitcoin as a method of payment versus a store of value is ongoing. With prices consistently above $100k, the relentless push from ETF issuers and Bitcoin treasury companies, and the inevitable institutionalization of the space, using Bitcoin for small payments seems more alien than ever. But is Jack Dorsey right in saying […]
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Unlike traditional messaging apps that rely on internet infrastructure, Bitchat operates on direct device-to-device communication.
Jack Dorsey, the founder of Twitter and CEO of Block, has thrown his support behind a new messaging application called White Noise. His endorsement follows the recent release of his white paper for Bitchat, a Bluetooth-based messaging platform without internet connectivity. Bitchat aims to be a privacy-first chat app that ditches the internet altogether to […]
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Also: Jack Dorsey’s Bitchat, Volkswagen and Hivemapper Team Up, and EigenLabs Layoffs.
Also: Jack Dorsey’s Bitchat, Volkswagen and Hivemapper Team Up, and EigenLabs Layoffs.
Much like Bitcoin eliminates reliance on centralized intermediaries in finance, Bitchat would removes central authorities from digital communication.
Twitter founder Jack Dorsey has published the white paper for Bitchat, a decentralized messaging platform operating entirely over Bluetooth. The app is designed to work without internet access, relying instead on Bluetooth Low Energy (BLE) mesh networks for peer-to-peer communication. What is Bitchat? Bitchat is a privacy-first chat platform built on a store-and-forward architecture using BLE. […]
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A proposal to change Bitcoin’s smallest unit from “satoshi” to “bit” is drawing renewed interest, with developers, founders, and thought leaders weighing in. The proposal was introduced by Synonym CEO John Carvalho last month and is known as BIP 177. Under current standards, 1 BTC equals 100 million satoshis. However, Carvalho’s plan would reverse that […]
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Block Inc., the company behind Cash App and led by Jack Dorsey, has been fined $40 million by the New York Department of Financial Services (NYDFS). The penalty, announced on April 10, stems from widespread lapses in the company’s anti-money laundering (AML) and compliance systems related to its virtual currency operations. NYDFS Superintendent Adrienne Harris […]
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Twitter founder Jack Dorsey has publicly supported the idea of integrating Bitcoin into Signal Messenger for direct peer-to-peer (P2P) payments. On April 10, Dorsey posted on X, suggesting that the encrypted messaging app should consider using Bitcoin to power its financial transactions. He wrote: “Signal should use bitcoin for p2p payments.” His remark was a […]
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The payments and blockchain firm has agreed to an outside monitor as it resolves its compliance with New York regulations.
While firms like Tesla are already in the S&P 500, VanEck’s Matthew Sigel says Block Inc. could be the first company in the index with an “explicit strategy” for accumulating Bitcoin.
Block missed its revenue estimates for Q3 and said it is “winding down” its DeFi business to shift money into its Bitcoin mining and wallet businesses.
As Jack Dorsey bids farewell to Blueskys board, the social network seeks new leadership aligned with its vision of user-driven experience.
The post Jack Dorsey parts ways with Bluesky, leaves board of directors appeared first on Crypto Briefing.
Bitcoin Conversions will charge a flat 1% fee to automatically convert a portion of merchant revenues into BTC.
Jack Dorsey's Block has completed its Bitcoin mining chip development, aiming to decentralize mining hardware supply and improve performance.
The post Jack Dorsey’s Block completes development of 3nm Bitcoin mining chip, now targets full mining system appeared first on Crypto Briefing.
Block unveiled Bitkey for pre-order in 95 countries last December having commenced beta testing during the summer.
Cash App generated $66 million in Bitcoin gross profit in Q4 2023, up 90% year-over-year.
Many former Block employees posted messages to LinkedIn suggesting the staff cuts had been expected since 2023.