Square launches Bitcoin payments, urges tax break for everyday crypto use – investingLive

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Square has unveiled new Bitcoin tools for merchants, allowing sellers to instantly convert card sales into Bitcoin and, starting November 10, to accept Bitcoin payments directly at the point of sale with zero fees.
The company said the new products mark a major step toward making Bitcoin usable as everyday money, positioning it alongside traditional payment methods for retail and small businesses.
“These products are a big step toward making Bitcoin everyday money,” Square said in a statement. “They also highlight the need for a policy unlock: a de minimis tax exemption for everyday Bitcoin transactions. Your morning coffee shouldn’t trigger capital gains.”
The company, part of Block Inc., said its goal is to simplify the use of Bitcoin for both merchants and consumers while advocating for tax rules that would remove small-scale crypto purchases from capital gains reporting.
Square’s rollout underscores Block’s broader mission to integrate Bitcoin into daily commerce, advancing CEO Jack Dorsey’s long-stated vision of an open financial system built on digital assets.
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