Block’s Square May Offer Merchants the Option to Accept Bitcoin and Convert Up to 50% of Sales Into BTC

Square Bitcoin is Block’s new payments and crypto-integrated wallet that lets Square merchants accept Bitcoin and convert sales into BTC with zero conversion fees; starting Nov 10 businesses can convert up to 50% of daily sales into Bitcoin for streamlined crypto revenue management. Zero-fee conversion: merchants can convert card sales into Bitcoin with no conversion ￰0￱ wallet: sellers can store and manage BTC directly inside the Square point-of-sale. Adoption-ready: merchants may convert up to 50% of daily sales into Bitcoin beginning Nov 10; Block positions this for Main ￰1￱ Bitcoin: accept BTC and convert sales to Bitcoin with zero fees; learn how to enable the feature in Square and start converting ￰2￱ is Square Bitcoin and how does it work?

Square Bitcoin is Block’s built-in payments feature and crypto wallet for Square merchants that enables acceptance of Bitcoin and automatic conversion of sales into ￰3￱ product allows sellers to convert received funds into Bitcoin with zero conversion fees and manage holdings via the integrated ￰4￱ will merchants convert sales to Bitcoin? Merchants using Square will be offered an opt-in setting to convert a portion of daily sales into ￰5￱ Nov 10, businesses can convert up to 50% of daily sales into ￰6￱ conversion is performed at settlement with no conversion fees, simplifying revenue flow into ￰7￱ is Block positioning Square Bitcoin for Main Street?

Block frames this initiative as “Simplifying Bitcoin for Main Street.” The goal is to bring tools previously limited to large corporations—like integrated crypto conversion and treasury management—to small businesses, helping merchants accept Bitcoin as a practical payment method. , Frequently Asked Questions How can a small business enable Square Bitcoin? Small businesses enable Square Bitcoin from their Square dashboard by opting into the Bitcoin payments feature, setting a conversion percentage (up to 50%), and linking the integrated wallet to their ￰8￱ is designed to be completed in a few ￰9￱ converting sales to Bitcoin affect cash flow? Converting a portion of sales to Bitcoin changes the asset mix of revenue but does not alter settlement ￰10￱ should evaluate volatility and accounting rules when allocating a share of daily sales to ￰11￱ there a hardware or mining angle to Block’s Bitcoin strategy? ￰12￱ has expanded beyond payments into Bitcoin mining hardware and products such as ￰13￱ initiatives reflect an integrated ecosystem approach to Bitcoin adoption across payments, custody, and ￰14￱ Takeaways Zero-fee conversion: Block offers zero conversion fees to convert sales into BTC via Square ￰15￱ management: The Square wallet lets merchants manage Bitcoin holdings without third-party ￰16￱ adoption: Up to 50% daily-sales conversion aims to make Bitcoin a usable payment option for Main Street ￰17￱ Square Bitcoin marks a practical step by Block to integrate cryptocurrency into daily commerce by allowing merchants to accept Bitcoin and convert sales into BTC with no conversion ￰18￱ product extends Block’s broader Bitcoin strategy and gives small businesses tools to adopt crypto payments; merchants should evaluate operational and accounting implications before enabling conversions.