Bitcoin Payments Open to Eligible U.S. Merchants as Square Completes Expansion on Schedule

Odaily reports: Bitcoin News posted on X that Square plans to complete the phased expansion of Bitcoin payments today, with Lightning Network payments set to become available to eligible sellers in its U.S. merchant network. Consumers can pay with Bitcoin, and merchants will receive U.S. dollars by default, with the option to retain Bitcoin. Square will waive Bitcoin payment processing fees through the end of 2026, after which it plans to charge a flat 1% fee. Square's broader merchant network covers more than 4 million merchants, but eligibility restrictions remain, and actual adoption has yet to be independently quantified.