Square Expands Mainstream Bitcoin Adoption with Automatic Enablement

Block's Square payments platform has undergone a strategic change in how it approaches cryptocurrency integration, shifting from an opt-in to an opt-out model for eligible U.S. sellers.

The change, which began rolling out on Monday, affects an estimated 4 million merchants who will now have Bitcoin payments automatically enabled.

Merchants retain control over the feature and can opt out or adjust settings if they prefer not to accept Bitcoin payments.

The automatic enablement comes with zero fees for accepting Bitcoin payments, allowing merchants to receive USD as their default settlement currency with the conversion handled automatically in the background.