According to Bitcoin News, Square will complete its phased rollout of Bitcoin payments by November 10, extending support to over 4 million eligible U.S. merchants who will automatically gain the capability without requiring separate enrollment. Customers can pay through the Lightning Network with transactions settling in seconds; merchants receive payments in USD by default but may opt to retain Bitcoin.

Square will waive Bitcoin payment processing fees through December 31, 2026, after which a flat 1% fee applies. Merchants can also automatically convert up to 50% of daily sales revenue into Bitcoin.

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