Block, Inc. has announced a major move to bring Bitcoin payment to millions of merchants on its Square platform. After an initial launch phase at the end of 2025, the company will roll out the capability by 2026. This new feature will rely on the Lightning Network for faster and cheaper Bitcoin payment processing.
Square to Add Bitcoin Payments with Lightning Network Support
Square will allow its merchants to accept Bitcoin payments directly using their existing point-of-sale hardware and software. This integration leverages the Lightning Network to ensure that small businesses remain able to do Bitcoin transactions instantly and for cheap. It will be easy enough for customers to pay by just putting their phone on top of the QR code at checkout to make it work quickly.
Today: we’re accepting bitcoin payments at @TheBitcoinConf 🟧
Soon: you can accept bitcoin payments wherever you are 🚀
Details here: https://t.co/ko2S9hFpih pic.twitter.com/IYlYV6XM2S
— Square (@Square) May 27, 2025
Block has also confirmed that its backend will handle technical matters like real-time Bitcoin exchange rates and confirmation messages. With this system, small businesses can process payments quickly and at very little transaction cost. This feature supports Square’s broader strategy of making Bitcoin payments more practical for everyday use.
This development follows the 2024 launch of Square’s Bitcoin Conversions feature, which enables merchants to convert a portion of daily sales into Bitcoin. The upcoming Bitcoin payment option builds on that foundation, aiming to expand use cases across retail and service sectors. Once rolled out fully, Square could be established as a central player in mainstream Bitcoin commerce.
Block Highlights Long-Term Bitcoin Commitment
Meanwhile, Block’s (previously Square) Bitcoin advocate Jack Dorsey seems intent on expanding the Bitcoin-related product and services suite on an ongoing basis. This new Bitcoin payment feature aligns with the company’s broader Bitcoin roadmap, which includes Cash App, Bitkey, Proto, and Spiral. These tools offer users the ability to buy, store, and manage Bitcoin in a secure, independent way.
Cash App already supports Bitcoin buying, selling, and transferring, making it a popular choice among users for mobile Bitcoin access. Bitkey, Block’s self-custody wallet, offers users greater control and is adding new privacy and recovery options this month. Spiral supports open-source projects that promote global economic access, contributing to Bitcoin’s original decentralized goals.
Proto, Block’s mining division, offers hardware and services to support Bitcoin’s network while promoting clean energy use. The company is also one of the top ten corporate holders of Bitcoin, with over 8,500 BTC. With these assets and tools, Block strengthens its position in the broader Bitcoin payment ecosystem.
Rollout Timeline and Regulatory Approval
Square’s initial Bitcoin payment rollout is set to begin in the second half of 2025. Depending on local regulatory approvals, full availability across eligible merchants is expected in 2026. Block plans a phased release to ensure compliance and operational readiness at every level.
The company will prioritize markets where digital payments and crypto infrastructure are already well-established. Each rollout phase will include support resources, tutorials, and real-time monitoring. Merchants will be updated continuously about requirements and setup processes.
Block expects a smooth adoption curve as most merchants are already familiar with QR code-based payments. The integration into existing Square hardware also reduces onboarding complexity. Over time, the company aims to create a seamless and scalable Bitcoin payment network.
FAQs
What is the new Bitcoin payment feature announced by Block?
Block will allow Square merchants to accept Bitcoin payments through their current hardware using the Lightning Network.
When will Bitcoin payments be available for Square merchants?
The initial rollout is expected in late 2025, with full availability targeted for 2026, pending regulatory approvals.
How will customers use Bitcoin to pay?
Customers will scan a QR code at checkout, allowing fast and simple Bitcoin payment using mobile wallets.
What is the Lightning Network, and why is it used?
The Lightning Network enables faster, low-cost Bitcoin transactions, making it suitable for everyday purchases like coffee or groceries.
How does this affect small businesses using Square?
It offers faster payments and lower fees, helping businesses retain more revenue while accessing a new segment of Bitcoin users.
Glossary of Key Terms
Bitcoin payment – A transaction where goods or services are purchased using Bitcoin as the medium of exchange.
Lightning Network – A layer-2 solution on Bitcoin’s blockchain designed to enable faster and cheaper transactions.
Point-of-sale (POS) – Hardware and software that businesses use to complete sales transactions with customers.
QR code – A scannable code used to access information, including payment requests in Bitcoin transactions, quickly.
Self-custody wallet – A digital wallet where users hold their private keys, maintaining full control of their Bitcoin.
References:
The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.
You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. The Bit Journal does not guarantee the accuracy, completeness, or reliability of any information provided in the price predictions, and we will not be held liable for any losses incurred as a result of relying on this information.
Investing in cryptocurrencies carries risks, including the risk of significant losses. Always invest responsibly and within your means.
For advertising inquiries, please email . [email protected] or Telegram
