Block, the digital payment company co-founded by Jack Dorsey, has announced its intention to implement direct Bitcoin payments on the Square platform by 2026. These transactions will be facilitated through the Lightning Network.
This week at the Bitcoin Conference 2025 in Las Vegas, Square is testing real-time Bitcoin payments, allowing attendees to use cryptocurrency to purchase merchandise such as T-shirts, hoodies, and hats from the BTC Inc. merchandise shop.
The initiative, launched on Thursday, represents Block’s vision of “making Bitcoin everyday money.”
Jack Dorsey communicated to his more than 6 million followers on social media platform X that merchants will have the option to either retain the Bitcoin or automatically convert it to fiat currency in real-time.
spend your bitcoin at @Square terminals.
merchant can choose to hold the bitcoin, or auto-convert it to fiat in real-time.
try it at bitcoin 2025 today. rolls out to more sellers this year. https://t.co/RWf6PV5Z2a
— jack (@jack) May 27, 2025
Block Plans Phased Rollout by 2026
According to an official announcement, the rollout is set to commence in the latter half of 2025, with hopes that the feature will be available to all eligible merchants by 2026, subject to regulatory approval.
“Block has long been a champion of Bitcoin, focused on making it more accessible and usable in our everyday lives,” commented Miles Suter, the BTC product lead at Block.
Suter has played a key role in developing the new Square Bitcoin checkout system, referring to it as a “significant milestone” in enhancing the accessibility and usability of the cryptocurrency.
Since joining Block in 2017, he has contributed to several pivotal moments, including the Bitcoin integration within the Cash App.
“Somebody’s got to be first,” Suter told Finance Newso, discussing the newly introduced Bitcoin payment feature. “And we feel like we have the right DNA to push things forward.”
“We believe in an open, decentralized, fair, fast, and low-cost money system for everyone, and that’s exactly what we want to bring to Square sellers.”
In April, Dorsey encouraged the messaging platform Signal to incorporate Bitcoin for peer-to-peer payments, reiterating his stance that the cryptocurrency’s utility in everyday transactions is critical for its future viability.
Expanding the Bitcoin Ecosystem
Beyond Square payments, Block is actively working to broaden its Bitcoin ecosystem, which includes features for buying, selling, and transferring Bitcoin through the Cash App.
Additionally, Block is enhancing global access to Bitcoin with Bitkey, a self-custodial Bitcoin wallet, which will introduce new privacy and security features beginning this month.
Furthermore, the company is establishing Proto, a suite of products and services intended for Bitcoin mining, with a goal of decentralizing the mining process.
Following the announcement regarding Bitcoin payments, shares of Block Inc. rose by 5.81%, hitting an intraday peak of $62.66 before closing at $62.17 on May 27.
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