Block to roll out bitcoin payments on Square

Block (XYZ) announced it will launch bitcoin (BTC) payments on Square, “marking a significant milestone in making bitcoin more accessible and usable.” The company added: “Bitcoin payments on Square will be showcased at Bitcoin 2025 in Las Vegas from May 27-29, where attendees can experience this new feature firsthand at the BTC Inc. merchandise store. By leveraging the Lightning Network, the Square Point of Sale app enables merchants to accept bitcoin payments directly through their Square hardware for near-instantaneous, low-cost transactions. The roll out is anticipated to begin in the second half of 2025 and is expected to reach all eligible Square sellers in 2026, subject to applicable regulatory approvals. Square’s new, native Bitcoin For Businesses offering will build upon its Bitcoin Conversions feature launched in 2024, which allows qualified merchants to automatically convert a portion of their daily sales into bitcoin. Together, these bitcoin offerings will create a seamless experience for both merchants and customers, helping bitcoin to fulfil its original vision as a true peer-to-peer payment system.”