Square Enables Bitcoin Lightning Payments for 4 Million US Merchants

Square is making it easier than ever for U.S. merchants to accept Bitcoin payments with a new launch of lightning-powered transactions starting November 10, 2025. This expansion will cover nearly 4 million businesses and comes with several benefits: instant USD settlement upon transaction completion, zero fees until 2027 when a 1% transaction fee will be implemented. While the rollout is nation-wide, New York remains excluded due to licensing requirements for virtual currencies.