- Square, now part of Block Inc., has taken a key step forward in cryptocurrency use.
- Compass Coffee, with 27 locations in Washington, D.C., led the way as the first business worldwide to accept Bitcoin via Square’s regular register.
- From November 10 on, Square’s tools will handle these Bitcoin deals in a simple way. The goal here is to match the ease of using a credit card.
Square, now part of Block Inc., handles Bitcoin payments worldwide. Compass Coffee’s tweet points to a key moment in cryptocurrency adoption. The announcement covers the rollout of the first Square terminal designed to handle Bitcoin payments worldwide. Testing involved Lightning Network transactions from ten wallets. Those included Cash App, along with Wallet of Satoshi and Zeus LN. Each one was processed without delay or complications.
Such progress signals Bitcoin’s stronger push into everyday use. Credit goes to the collaboration between Compass Coffee and Square’s thinking payment tech. The post’s energy captures wider interest in Bitcoin’s role for routine purchases. This happened during DC Fintech Week. The trial demonstrates how cryptocurrency can be integrated into daily shopping without much hassle.
How It Works
Merchants can now take Bitcoin payments through the system. They also have the option to turn up to 50 percent of their daily sales into Bitcoin. Best of all, there are no processing fees for the first year.
From November 10, Square’s tools will handle these Bitcoin deals in a simple way. The goal here is to match the ease of using a credit card. Evidence points to this making crypto more practical for everyday use.
Also Read: Massive $19B Liquidation Triggers Bitcoin Drop From $126K Peak
Expert Insights
Miles Suter, who leads Bitcoin products at Block, notes that the setup makes Bitcoin payments flow like cards. It also opens up financial tools to small businesses, tools that big companies have long had.
Studies suggest the Lightning Network could speed things up with instant transfers. This might cut out the steep fees that hit small shops hard. Overall, it seems likely to boost Bitcoin’s reach in real-world settings.
Also Read: Bitcoin Faces $110K Support Test with Over 90% of BTC Supply Still in Profit
Announcement via Tweet
Compass Coffee’s tweet points to a key moment in cryptocurrency adoption. The announcement covers the rollout of the first Square terminal designed to handle Bitcoin payments worldwide. Testing involved Lightning Network transactions from ten wallets.
Those included Cash App, along with Wallet of Satoshi and Zeus LN. Each one was processed without delay or complications. Such progress signals Bitcoin’s stronger push into everyday use. Credit goes to the collaboration between Compass Coffee and Square’s forward-thinking payment tech. The post’s energy captures wider interest in Bitcoin’s role for routine purchases.
Also Read: BlackRock’s Bold Shift: Larry Fink’s Bitcoin U-Turn in 2025
Global Potential and Regulatory Landscape
Bitcoin payment uptake is picking up speed around the world. Still, rules from governments pose ongoing issues. Jack Dorsey has pushed again for tax breaks on small Bitcoin buys. This ties back to a summer push linked to President Trump’s bill.
As laws shift and clarify, the path to wider use looks brighter. Research indicates that balanced regulations could help crypto blend into standard commerce.
Also Read: BlackRock’s Bitcoin ETF Sees Remarkable Growth Fueled by Strong Institutional Demand
The Future of Bitcoin Payments
The Compass Coffee trial showcases significant promise for Bitcoin through Square. Over four million merchants are already relying on the platform.
This move could push the entire crypto industry into the mainstream over time. With better user interfaces, smooth merchant setups, and solid rules in place, payments in crypto might soon feel as common as tapping a card. It appears the pieces are falling into place for broader acceptance.
Also Read: Bitcoin’s Fate: Will ‘Uptober’ Spark an Epic 2025 Surge?
#Merchants #Accept #Powering #Growth
