James Stevens, co-leader of Troutman Pepper Locke’s Financial Services Industry Group, was quoted in the October 21, 2025 Payments Dive article, “Fiserv, Block Turn to Crypto.”

Letting merchants accept crypto payments potentially cuts some players like banks and credit card networks out of the process, because the customer can simply send a digital currency directly to the merchant, said James Stevens, a partner at the law firm Troutman Pepper Locke who follows the payments industry.

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Square is “offering no transaction costs for a period of time, and then a very low transaction cost,” Stevens said.