Company Financial Services Jack Dorsey Block, Inc. It will introduce Bitcoin payments to Square, payment processing arm with implementation that will start this year before the full premiere in 2026.
Business announced Plan at the Bitcoin 2025 conference in Las Vegas on May 27, where Block showed a function in the Merchandise BTC Inc.
Buyers will be able to accept Bitcoin (BTC) payments through the existing square equipment using Lightning Network, a faster, cheaper scaling network of 2 Bitcoin layer.
“Merchants can decide to maintain Bitcoins or automatically convince him to FIAT in real time,” Dorsey he said on X.
The company said that it expected to implement in the second half of 2025, reaching qualifying square sellers by 2026, subject to regulatory approval.
This movement is based on the existing Bitcoin Square conversion function, which allows sellers to automatically transform sales to BTC. In the case of consumers, the payment is as straightforward as the QR code scanning, and square technical support behind the scenes and lightning allow almost the instance of settlement.
“It is about economic objectification for merchants who like to have options when it comes to receiving payments,” said the Blockin host product.
Related: Jacek Dorsey’s block is “dca’ing” in Bitcoin every month
The company added that from May it adds recent privacy and security functions to its BTC Bitkey portfolio, which he introduced at the end of 2023, which were designed to make confidence more accessible without customary seeds of seeds.
The scope slases the fees for BTC adoption
Meanwhile, Dan Edwards, operational head of the American Rapid Food Chain Stake n ‘Shake, told Bitcoin 2025 on stage that the company reduced the payment for the processing of payments by half, accepting Bitcoin payments.
CEO of Steak ‘N Shake says that people can now “pay for the franchise using #Bitcoin”
What time for life 🚀 pic.twitter.com/ktqhcazqdy
– Bitcoin conference (@thebitcoinconf) May 27, 2025
“Our current experience with Bitcoin was that it is faster than credit cards, and when customers decide to pay Bitcoins instead of credit cards, we save about 50% of our charges for processing,” said Edwards.
“This means that Bitcoin is a win for a client, a win for us, a buyer and a win for you in the Bitcoin community.”
On May 9, the capital of N ‘Shake announced that he would start accepting Bitcoin as a payment in all locations of restaurants around the world from May 16.
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