Block Shares Rise 4% Pre-Market As Square Introduces Automatic Bitcoin Payments For Merchants With No Processing Fees

Block Inc. (NYSE:XYZ) shares were trading higher in the pre-market session on Tuesday after its Square point-of-sale system rolled out automatic Bitcoin (CRYPTO: BTC) payments for eligible merchants in the U.S. Square Announces Automatic Bitcoin To Fiat Feature Square said in a X post that the new feature will allow sellers to accept Bitcoin payments that convert “instantly” to cash at checkout, without any additional setup. Square added that there will be no processing fees for these transactions until 2026. Note that this feature is available to all U.S.-based merchants except those based in New York Automatically enabled bitcoin payments are rolling out to eligible U.S. Square sellers.Start accepting bitcoin that instantly converts to cash at checkout, with no additional setup.→ 0% processing fees through 2026→ Near-instant settlement→ No need to hold bitcoinLearn… pic.twitter.com/rnrPI0KbHE— Square (@Square) March 30, 2026 Bitcoin Conversion Option Launched in November, Square Bitcoin payments also include a “Conversion” feature that lets merchants turn upto 50% of their card sales into Bitcoin. Converted Bitcoin is securely custodied in a Square wallet, empowering merchants to buy, sell, hold, or withdraw their BTC holdings effortlessly. As of this writing, Square card payments and Cash App Pay transactions are eligible for Bitcoin conversions Square merchants can opt to settle in bitcoin if they'd prefer!— Square (@Square) March 30, 2026 Price Action: At the time of writing, BTC was exchanging hands at $66,808.87, down 1.34% in the last 24 hours, according to data from Benzinga Pro. Block shares were up 4.20% in pre-market trading after closing 2.64% higher at $81.11 during Wednesday's regular trading session. The stock closed at a nearly 8-month high. Benzinga’s Edge Stock Rankings give XYZ a high Value score, but its price action remains weak in short, medium, and long-term timeframes. Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors. Photo: Shutterstock