Block, Inc. is rolling out Bitcoin payments on Square, and merchants will be able to hold the Bitcoin, or auto-convert it to fiat in real-time.
Jack Dorsey’s financial services firm Block, Inc. will launch Bitcoin payments on Square, its payments processing arm, with a rollout to begin later this year before a full launch in 2026.
The company announced the plan at the Bitcoin 2025 conference in Las Vegas on May 27, where Block demonstrated the feature at the BTC Inc. merchandise store.
Merchants will be able to accept Bitcoin (BTC) payments through existing Square hardware using the Lightning Network, Bitcoin’s faster, lower-cost layer-2 scaling network.
