Block Inc., the parent company of Square, announced that Square Credit Card holders will soon earn 3% cash back paid in Bitcoin on their purchases. This new option complements the card's recent redesign, which offers unlimited 3% cash back on Square Bill Pay transactions and 1.5% on other purchases. The move is part of Block's broader strategy to integrate Bitcoin into everyday business spending, following previous initiatives like zero-fee Bitcoin payments for merchants and Bitcoin rewards via Cash App. Key details on eligibility and rollout timing are still pending, and the permanence of these incentives beyond 2026 remains to be seen.
Square's new Bitcoin rewards for credit card holders provide context for cryptocurrency market trends. For readers following crypto, here is Pluang's market snapshot as of Oct 13, 2026 19:44 WIB: 7 of 50 major cryptocurrencies rose, 42 fell. COMP dropped 8.90% to Rp414.057 with 91% buy orders, ZIL fell 8.78% to Rp61 with 82% sell orders, and ALGO declined 8.52% to Rp2.105 with 76% buy orders.
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