PANews reported on November 10 that Square has officially launched its Bitcoin payment function, allowing merchants to choose from four payment methods: BTC→BTC, BTC→fiat, fiat→BTC, or fiat→fiat.

Square founder Jack Dorsey stated on the X platform that this feature allows sellers to receive Bitcoin directly to their Square wallets or choose to automatically convert it to USD for settlement, marking the formal integration of Bitcoin payments into the mainstream merchant system.