A recent transaction at Compass Coffee marked a significant milestone as a customer utilized Bitcoin for their purchase. This event is noteworthy as it showcases the first Square terminal globally to accept Bitcoin payments.

The pilot launch, which was highlighted during DC Fintech Week, was facilitated by Square’s new Bitcoin payment integration. As documented in a post from Compass Coffee on X, the system demonstrated interoperability with various Bitcoin wallets, underscoring the effectiveness of open payment standards along with the Lightning Network.

Compass Coffee, a well-regarded chain in Washington, D.C. boasting 27 locations, hosted the demonstration to showcase this innovative technology to lawmakers and fintech leaders. The team expressed enthusiasm, remarking on their anticipation for this functionality to be available on Square devices worldwide in the near future.

Legendary coffeehouse with 27 locations @CompassCoffeeDC is showing off Square Bitcoin Payments at DC Fintech week right now.

Tell your senator to go give it a try! pic.twitter.com/AazPN6ljuB

— Miles (@milessuter) October 15, 2025

What is Square Bitcoin?

Square has recently unveiled Square Bitcoin, a new suite of tools designed to enhance Bitcoin usability for everyday businesses, ranging from coffee establishments to local retail outlets.

This platform permits merchants and small businesses to accept Bitcoin payments, automatically convert portions of sales into BTC, and manage their holdings through an integrated Bitcoin wallet—all from the same dashboard utilized for point-of-sale and banking operations.

Square’s technology has become a ubiquitous presence across the United States, providing an all-in-one solution for payment processing and business management accessible via mobile devices. It equips businesses of all sizes with the necessary tools to process payments, monitor sales and inventory, and cultivate customer relationships.

According to Miles Suter, Head of Bitcoin Product at Block, the initiative aims to position Bitcoin as “everyday money.”

For merchants, this development has the potential to yield lower costs and quicker settlements compared to traditional card networks. From a broader perspective, this initiative represents a significant stride towards the mainstream acceptance of Bitcoin.

Bitcoin is also gaining traction in other arenas; for instance, Steak ‘n Shake began accepting Bitcoin payments at all U.S. locations in May by using the Lightning Network through QR codes integrated into kiosks and point-of-sale systems.

This decision reportedly resulted in an approximate 11% increase in same-store sales during Q2, halved payment processing fees, and attracted a higher volume of customer visits, thereby reinforcing Bitcoin’s position as a viable alternative to conventional payment methods.

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