Starting Monday, Square began automatically enabling Bitcoin payments for millions of eligible U.S. small businesses, according to a recent announcement. It is leveraging the Bitcoin Lightning Network and defaulting all merchant settlements to U.S. dollars. Notably, Square is rolling out Bitcoin acceptance with zero additional setup required from the merchants.

Miles Suter, Block’s head of Bitcoin product, confirmed the deployment on X, noting that sellers who accept the cryptocurrency will receive fiat currency by default. “We’re making it easier for millions of businesses to accept bitcoin,” Suter stated. “This is how bitcoin as everyday money begins.”

It is also worth noting that Square is waiving all processing fees on these transactions through the end of 2026.

Read more on U.Today https://u.today/bitcoin-lighting-gets-major-adoption-boost-in-us