Square announces that 4 million stores in the United States, Japan and France "support Bitcoin payments", Jack Dorsey: Fighting fiat currency inflation

Square officially opens Bitcoin payment, and 4 million merchants around the world accept BTC with zero handling fees, marking a new milestone in the deep integration of digital assets and traditional payments, and also revealing regulatory and volatility challenges
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Bitcoin payment took a step into financial history today (11). The payment service provider Square announced that its POS terminals will support Bitcoin (BTC) payments from now on. From the United States to Japan, from corner coffee shops to retail chains, more than 4 million merchants in 8 countries are available at once. This means that consumers no longer need to take out their credit cards when checking out. They can simply scan with their mobile phones and pay for coffee, books or lunch in BTC without having to worry about lengthy processes and additional fees. It also supports automatic conversion processes such as fiat currency to Bitcoin and Bitcoin to fiat currency.

Fighting the devaluation of fiat currency payments

For Jack Dorsey, the founder of Bitcoin who has long been optimistic about Bitcoin, this is an important moment to put the concept of "everyday currency" into the physical cashier.

Dorsey previously announced on the Used by tens of thousands of merchants, online checkout, invoicing, subscription and other functions are still being tested, but official instructions will be available "soon", showing that Square intends to embed Bitcoin into the entire merchant ecosystem and lower the entry barrier for small and medium-sized enterprises.

Lightning Network Expansion Merchants

Bitcoin has long faced doubts about slow transaction speeds and high handling fees. Square uses Lightning Network to move transactions to the second layer, and payments are completed almost instantly without waiting for confirmation from the main chain. In terms of cost, Square promises to be completely free of charge until January 1, 2027, and will only charge 1% after that, which is far lower than the 1.5% to 4% common for credit cards. For merchants, this not only means saving costs, but also avoiding the risk of chargebacks, because once a BTC transaction is entered into the chain, it is irreversible.

After the launch, the market responded quickly to this, and many stores have posted their experience on using it. Early user Zaprite business director Parker Lewis has completed testing in a Texas coffee shop. Ananina bluntly said that "the entry point is much lower."

Katie Ananina, chief marketing officer of technology platform CitizenX, said she was the first person to pay with Bitcoin at the same coffee roastery.

It has always been painful to promote Bitcoin payments in the past. As far as the process is concerned, you have to get the person behind the merchant to fully accept Bitcoin and make him a Bitcoin believer himself and join in. But what Square did today is absolutely legendary and has significantly lowered the barrier to entry. marvelous! ”

My local coffee shop in Roseburg Oregon is now accepting bitcoin and I had the honor of being the first customer to pay bitcoin this morning! If you are driving on I-5 in Oregon, stop at My Coffee in Roseburg! ₿🧡@Square @jack @NoWasteBTCsigns @ThankGodForBTC pic.twitter.com/JGNQfXv9J0

— Ryan Finlay (@ryanfinlay) November 10, 2025

Volatility, supervision and settlement flexibility

According to a YouGov survey in July this year, 37% of respondents in the United States and the United Kingdom listed "payment" as the main implementation scenario for encryption and AI. Now that payment terminals have begun to support BTC, Bitcoin's path from "digital gold" to "daily tool" is clearer, and it also brings new liquidity to the overall encryption market.

The challenge is how people and merchants respond to drastic changes in Bitcoin prices, which may cause merchants to bear exchange rate risks in the time difference between checkout and settlement. Square offers three modes: collect the full amount of BTC, convert all of the money into fiat currencies, or automatically convert up to 50% of card sales into BTC on a daily basis to help merchants adjust their exposure. There are also changes in regulations. Due to stricter regulations in New York State, this function has not yet been opened to local merchants. Square stated that it will continue to dialogue with the competent authorities in the future and help merchants understand tax and compliance procedures through briefing sessions.

From free fees to flexible settlement, Square’s step allows Bitcoin to enter physical checkouts in a large-scale and standardized way for the first time. Although it still takes time to observe consumer habits and the regulatory environment, the expansion of payment scenarios has injected a new narrative into crypto assets. For Dorsey and millions of merchants, this is more than just putting another currency into the cash register, but a critical stake in the future of finance.