X users have already reported using the new Bitcoin payment feature at coffee shops across the United States.
Payment processor Square has launched its Bitcoin payment feature for sellers, allowing them to opt in and accept Bitcoin at checkout through its point-of-sale system.
Jack Dorsey, co-founder of Block, which owns Square, said in an X post on Monday that with the new feature, merchants using Square can receive Bitcoin to Bitcoin, Bitcoin to fiat, fiat to Bitcoin or fiat to fiat payments.
At the same time, Jacob Szymik, an account executive at Square, stated that Bitcoin (BTC) payments are currently only available for in-person purchases and point-of-sale terminals, but online and invoicing options are “in the works,” and teased that updates would be coming soon.
He also reiterated that there will be no fees until 2027. Previously, Block indicated fees would start at 1% once the period expires. In comparison, credit card processing fees typically range between 1.5% to 4%.
Square teased its Bitcoin payments in October when it launched a conversion feature allowing sellers to convert a percentage of their daily card sales into Bitcoin, both of which are part of its payment and wallet solution, Square Bitcoin. The company had previously said it would roll out the service by 2026.
More than four million sellers use Square across eight countries, including the United States, France, United Kingdom and Japan, according to the company.
Several X users have already reported using the Bitcoin payment feature. Parker Lewis, the head of business development at Bitcoin and fiat payment platform Zaprite, said he has seen it operating “with my own two eyes and bought coffee” at Medici, a coffee roaster in Texas.
“Great day for Medici, Square, all the Square merchants going live with Bitcoin and Bitcoin in general. Bitcoiners, support your local square merchants,” he said.
Katie Ananina, the chief marketing officer at tech platform CitizenX, reported she was the first person to pay using Bitcoin at the same coffee roaster.
“Many of us tried to onboard merchants to accept BTC. For so many years, it was painful,” she said in another post.
“You literally had to orange pill the person behind the business to the extend where they themselves become Bitcoiners and get onboard. Today’s Square move is absolutely legendary and makes the entry point so much lower. Huge!”
Related: Jack Dorsey urges tax-free status for ‘everyday’ Bitcoin payments
A July YouGov survey found that 37% of the 1,000 respondents in the US and the UK view payments as a leading use case for crypto and artificial intelligence.
Dorsey also shared a post from the head of product design at the Blocks peer-to-peer payments service Cash App, announcing the launch of a map that shows all merchants worldwide that accept Bitcoin.
“Convince your local square seller to turn on Bitcoin acceptance for zero fees on sales. Convince them to keep it as Bitcoin to help them better survive dollar debasement,” Dorsey added.
