Block automatically enables Bitcoin payments for millions of US merchants

Jack Dorsey's payment company Block, formerly Square, has automatically enabled Bitcoin payments for millions of its merchants in the U.S., CoinDesk reported. The feature is instantly active on existing payment systems with no additional setup required. When a customer pays, the Bitcoin is automatically converted to U.S. dollars, and the service will be fee-free until 2026. This allows merchants to accept Bitcoin without exposure to price volatility or the burdens of custody. The move is part of Block's 'Square Bitcoin' strategy, aimed at integrating cryptocurrency payments into everyday commerce.