Bitcoin Forum

Square  is a large American company that distributes POS devices and provides a complete payment processing service.https://en.wikipedia.org/wiki/Square_(financial_services) (https://en.wikipedia.org/wiki/Square_(financial_services))

Their POS systems are used by over 4 million clients in the U.S., including restaurants, retail stores, cafés, and other businesses.Starting November 10, it will allow all 4 million clients, if they wish, to accept Bitcoin lightning just like a card or tap-to-pay only faster and with zero processing fees.
merchants will be able to hold Bitcoin if they want, or convert it immediately into fiat currency.
Here you can see more about how it will work
https://www.youtube.com/watch?v=r6kEoQPGRoc

Money must be made. This is business. Their proposal to start accepting bitcoin and allow their customers to convert their held assets to bitcoin using their platform comes with a cost.  I read it's free for now  (https://cointelegraph.com/news/square-bitcoin-payments-merchants-crypto). From January 2026, each such transaction trying to convert the received bitcoin into fiat or converting your fiat into bitcoin, you will be forced to pay a service fee up to 1% of the total worth, charging high to help someone save an asset which they can use other means to buy and hold their self

I like this option, rather than having an automatic conversion to fiat. That way, many merchants will be able to directly save part of the payments they receive that they don't need to cover operating expenses in bitcoin. I think the tendency to HODL those payments will increase over time.

Yeah this is rather good option to do since what usually happened before on some merchants is they implement automatic conversion which didn't give any freedom for merchant to decide if they want to hold Bitcoin or not.

A great seismic shift for Bitcoin adoption and somehow it can provably boost up some interest for lots of companies to create their own Bitcoin reserve.

This is a game changer for merchants which they can provably benefit a lot.

Some people / companies start taking the side of BTC for real - no fiat in site is great to see for such transactions (they do it for profit in the end, but still).

I do think it would bring much more results than what's Paypal doing with their offer regarding BTC.

These are simple progressive steps towards acceptance and adoption of Bitcoin for use in the everyday environment. Options like this favor the culture of using bitcoin for daily payments and transactions in fulfillment of the use of bitcoin as currency.

As more persons get used to it, we will witness Bitcoin shift from a means to invest alone, as people think, to individuals now actually using it for payments for goods and services in restaurants, retail stores, cafés, and other businesses.

Great steps toward real adoption.

The more BTC is used as an alternative with no fiat involved- the better.

More than likely, most progressive countries will also follow their steps. Actually some advanced countries are already integrating  digital currency in their financial transactions. As we are in the digital age, people will always find an alternative way that can serve them comfort or at least ease their doing of financial transactions. That is why, no doubt people are exploring alternatives when it comes to digital transactions and crypto is a very good avenue to exercise such alternative.

Since 2009, Bitcoin already gained massive successs and its adoption curve is an unprecedented one in history. This fact is clear, undeniable and can be checked by some on chain information as follows.

Bitcoin total users: https://woocharts.com/bitcoin-total-users/
Bitcoin adoption S-curve: https://woocharts.com/bitcoin-adoption-s-curve/
An objective look at Bitcoin adoption over time. (https://bitcoinmagazine.com/markets/an-objective-look-at-bitcoin-adoption) It shows we are still very early.

Bitcoin outperforms gold.
https://woocharts.com/bitcoin-vs-gold/

This service is for profit but it is also increasing awareness and adoption. When local businesses start accepting Bitcoin as payment, it makes the dream of using it as a global currency in daily purchases a reality. 10% service charges for conversion are high, but it's optional and users still have more than one year to enjoy free services.   

I went to many businesses that use this merchant and this option doesnt exist. Whenever I am handed the iPad looking terminal its always the same thing, I am asked how much to tip and there is no option to pay by Bitcoin.

Maybe they are rolling it out in certain areas at first. It would be great if it was universal however I think the issue will be, will be KYC. There will be a limit on how much you can pay in Crypto. Because without a limit, someone will abuse the system and just buy a bunch of prepaid Visa gift cards with stolen crypto and the regulations will come cracking down.

It's just matter of regulation when it comes to other country.
I think other POS company are also itching to have crypto integrated to their ecosystem but if the country ruled that crypto still can't be used for that kind of thing what can they do.

I really liked the idea of paying with bitcoin and allowing merchant to choose whether to convert or not though, seems like a win win solution.

This is very good to see, but it is a business, one that will bring in money for them too, I will love to see more than this for people who are not in the same country, when will the likes of Amazon and best buy start allowing customers to buy goods using crypto? I don't wish for anything else than this.

People who who are not in the US or UK can't buy anything from Amazon for example unless they get their hands on Amazon gift card and to use mastercard is also not straight forward because some items are not available for those outside the US, this will stop if the means of payment is not mastercard. I like what Square did here and it will bring more exposure to crypto but it is still not enough, maybe we will get there someday, just maybe.

Retail isn't moved by bitcoin or crypto. Big retails chains don't offer it as a means of payment. Yet some people think that bitcoin can change the world. Population using bitcoin think it is a nightmare, it is taking on an average 53 min to confirm on chain nowadays.

Being a company with over 4 million active clients who uses their POS services, I think integrated Bitcoin as it's new medium of payment this forthcoming November will actually be a good innovation for both the Bitcoin community and US citizens who are already into Bitcoin or wishes to venture into Bitcoin investment and holding it as a digital asset. Because to be frankly speaking, I'm 100% sure this new innovation said to commerce November will literally have a great impact on the price value of Bitcoin. Hence, I see Bitcoin skyrocketing higher when this project begins.