Block, led by Jack Dorsey, provides merchants with free Bitcoin payment services.

Twitter founder Jack Dorsey's payment platform Block (, formerly known as Square), will officially launch an integrated Bitcoin solution on November 10, 2025, utilizing the Bitcoin Lightning Network to provide merchants with free Bitcoin payment services.

Block provides merchants with free Bitcoin payment services.

Block's payment platform Square will officially launch an integrated Bitcoin solution starting November 10, 2025, utilizing Bitcoin's Lightning Network to allow businesses to accept, hold, and convert Bitcoin directly from their POS systems, with no fees until 2027, after which a uniform fee of 1% will be charged.

Consumers can make payments simply by scanning a QR code, without the need for additional hardware. The wallet is integrated so that merchants can manage BTC (buying, selling, holding, withdrawing) directly on the Square Dashboard, reducing technical barriers. Square has also added a Bitcoin wallet for merchants, allowing them to buy, sell, hold, or withdraw cryptocurrencies on the dashboard. Businesses that choose to participate can now automatically convert half of their daily revenue into Bitcoin, with a previous limit of 10%.

Businesses can manage all taxable Bitcoin transactions, including amounts, fees, dates, and times, in the Square mobile app. Market buying and selling records will be automatically included in the tax documents provided.

According to its survey, 12% of participating Square sellers use reserved sales for automatic Bitcoin conversion, 29.2% are exploring exchanging Bitcoin for business savings, and a whopping 89% plan to use Bitcoin as a long-term savings account.

Block enters the S&P 500 index, expanding from payments to fintech companies.

Block was officially added to the S&P 500 index in July, with its stock price rising from a low of $45 in May to close at $81.11 yesterday, marking its highest point since the end of February this year. Block has evolved from a payment processor into a broader fintech company, offering peer-to-peer transfers, merchant services, and an increasing range of consumer loan services.

Founder Jack Dorsey is a highly influential figure in the digital asset space, advocating for the value and payment applications of Bitcoin for a long time.

This article about Jack Dorsey's Block providing free Bitcoin payment services for merchants first appeared on Chain News ABMedia.