Square Just Switched On Bitcoin Payments for US Merchants - Australia Should Pay Attention
Cash App and Square have now activated full Bitcoin payment rails across the US.
✅ Merchants can accept BTC instantly. Customers can pay in BTC or USD over Lightning.
✅ The free market is being allowed to choose the best rails — and it’s choosing Bitcoin.
This is what happens when regulation invites innovation instead of blocking it.
United States:
✅ Regulators created room for experimentation.
✅ Agencies treated Bitcoin as a monetary commodity, not a threat.
✅ Businesses were allowed to build — and the result is a nationwide Bitcoin payments rollout.
Australia:
❌The Reserve Bank and multiple regulators continue taking a dismissive, protectionist posture toward Bitcoin.
❌Innovation is filtered through “risk aversion first,” pushing new entrants out.
❌Regulators shield incumbents from competition instead of encouraging better systems.
❌The result: fewer options, slower progress, and consolidation around the same old rails.
Square’s launch shows what a different path looks like.
👀 When regulators stand back and set clear, neutral rules, businesses innovate.
👀 When regulators treat every new idea as a threat, innovation slows and consumers lose choice.
Australia has world-class talent; What it lacks is a regulatory environment confident enough to let that talent build.
❌ As a result, the talent and capital leaves Australian shores.
✅ Let the free market decide which payment rails win.
Bitcoin payments are taking off globally — not because they’re mandated, but because people want them.
Australia can either enable that future, or keep protecting the past.
⚡️We’re advocating for bitcoin.
