Block Unveils Fee-Free Bitcoin Payments for Merchants on Square Terminals

Block (NYSE:XYZ) has started allowing Bitcoin payments on its Square point-of-sale terminals for merchants, with no processing fees until 2027. This move aligns directly with Block's effort to connect merchants and consumers across traditional and digital money.

Investor Tim Draper frames the move as a step toward broader Bitcoin use in everyday commerce. Merchants using Square can now accept Bitcoin alongside traditional payment methods at checkout.

The decision is part of Block's Narrative that it grows by linking merchants and consumers across higher-margin financial services, including digital assets, rather than just processing payments.