Square запускает инновационные безкомиссионные решения для приема биткоинов в бизнесе Translation: Square launches innovative commission-free solutions for accepting bitcoin in business.

The financial technology service Square, a subsidiary of Block, has launched an integrated payment solution for transactions with the original cryptocurrency.

Entrepreneurs are now able to accept, store, and convert digital currency through their POS systems.

Transaction fees will not be charged until 2027, after which Square will implement a 1% fee.

Additionally, the service has introduced a bitcoin wallet for merchants. They can now purchase, sell, store, and withdraw cryptocurrency directly from their dashboard. Companies can convert up to 50% of their daily revenue into digital currency automatically, an increase from the previous limit of 10%.

According to Miles Suter, head of bitcoin products at Block, payments in bitcoin should be as straightforward as card transactions. He mentioned that these tools will provide small businesses access to financial opportunities that were previously available only to large corporations.

This launch reflects co-founder Jack Dorsey’s ambition to transition bitcoin from a speculative asset to a medium of everyday transactions.

As reported by TechCrunch, vendors utilizing the program have already converted 142 BTC, amounting to approximately $17.5 million at current rates.

Currently, bitcoin occupies a modest role in commercial transactions, but its use is gradually expanding. According to eMarketer’s forecast, by 2026, the number of U.S. residents using cryptocurrency for payments is expected to grow by 82% compared to 2024.

However, data from the Kansas City Fed indicates that in 2024, fewer than 2% of Americans used digital assets for transactions, down from nearly 3% two years earlier. The agency noted that new legislation regarding stablecoins could alter this trend.

In light of this news, Block’s stock rose by 2.5% to $81, the highest level since February.

It is also worth noting that in May, reports surfaced about the U.S. Federal Prosecutor’s investigation into Square and Cash App over suspicious cryptocurrency transactions.