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Jack Dorsey Just Changed Everything! 4 Million Merchants Can Accept Bitcoin

Jack Dorsey Just Changed Everything! 4 Million Merchants Can Accept Bitcoin

coinfomaniacoinfomania2025/11/10 12:06
By:coinfomania

Block Inc. of Jack Dorsey has made an unprecedented move to mainstream crypto adoption. Beginning November 11, 2025, the company will enable over 4 million merchants with its Square payment system to accept Bitcoin as payment. The implementation is one of the biggest real-life applications of cryptocurrency in international trade.

The news was announced by the author of the article, Twitter account @pete_rizzo_ ( The Bitcoin Historian ) who pointed out that the vision of Dorsey is driving Bitcoin into the realm of regular transactions. The partnership between Square and Bitcoin fast and borderless payments enables Block to hasten a transition to decentralized finance by combining the massive scale of the Square merchant network with the speed and flexibility of Bitcoin.

Lightning Network Enables Instant Bitcoin Payments

Block is also using Lightning Network, a scaling solution of Bitcoin, which transacts almost instantly with low charges. Merchants are not only able to get Bitcoin directly but they can also use auto-conversion to U.S. dollars as a more stable option. This is because, through this flexibility, both cryptocurrency fans and conventional business owners find it very easy to implement the system.

To promote its usage, Block is eliminating any payment of fees to process all payments made in Bitcoin by the close of 2026. Thereafter, the company shall levy a nominal fee of 1 per cent, which is much lower than the normal credit card rates which at times stand at 2.5 per cent to 3.5 per cent.

Easy Installation of Merchants

Any merchant who uses Square has the ability to enable Bitcoin payments directly in their Square Dashboard after passing through a brief verification process. The money transfers are quick and immediate with transactions being settled in a few seconds and money showing up in the account balance of merchants instantly. Bitcoin payments cannot be reversed, and as compared to credit cards, there is no such thing as chargeback, which lowers the possibility of fraud. The project will enable millions of business enterprises, online shopping platforms, and even major retail outlets to receive Bitcoin payments safely and effectively.

Bitcoin Mission of Jack Dorsey Gathers Strength

Jack Dorsey, who is the co-founder of Twitter (now X) and Block Inc., has long been a proponent of Bitcoin as the native currency of the internet. Block has invested in the infrastructure of Bitcoin when he was in charge. The company owns more than 8,000 BTC worth around half a billion dollars and it is continuing to build out its crypto ecosystem with its products such as the Bitkey hardware wallet.

By 2024, Block recorded a gross profit of up to 21.9 billion, which is a significant growth in the financial technology and crypto sectors. This novel integration reinforces the long-term goal of Dorsey, which is to provide users and businesses with financial freedom using open systems.

A New Era of Crypto Adoption

This action comes at a time when the use of cryptocurrencies is hitting a high around the world in 2025. Bitcoin ETFs currently have more than 175 billion assets and institutions are still in the process of investigating blockchain payment systems. Block is providing a solution between the physical and digital currency by facilitating millions of real-world Bitcoin transactions.

Analysts think this implementation may increase the market value and liquidity of Bitcoin, and make it more of a utility rather than a speculative commodity. To the customers, it translates to the ability to use Bitcoin in as easy a manner as a debit card – and to businesses, to a new potent new payment horizon.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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