Square launches free Bitcoin payments: Will merchants be willing to pay after the promotion ends?

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This week, Square made Bitcoin payments available to eligible U.S. merchants, who can accept payments via the Lightning Network without holding cryptocurrency. Square will waive processing fees through the end of 2026 and charge 1% starting January 1, 2027. The feature covers its ecosystem of more than 4 million merchants, but not all merchants are eligible or will accept Bitcoin.