Block, Inc. Introduces Bitcoin payments on Square, and traders will be able to keep BitCoin or automatically convert it to Fiat currency in real time.
FIRM FOR FINANCIAL SERVICES Jack Dorsey, Block, Inc., Bitcoin payments on Square, its payment branch, with the introduction that will begin later this year before the complete launch of 2026. Years.
The company announced a plan at the Bitcoin 2025 conference in Las Vegas 27. May, where Block demonstrated that feature in the trade of BTC Inc.
The merchants will be able to accept Bitcoin payments via the existing Square hardware using Lightning Network, Bitcoin’s faster and cheaper layer scaling network 2.
“Dealers can choose whether to keep BitCoin or automatically convert it to Fiat currency in real time,” Dorsey said on XU, reports seebiz.
The company stated that he expects the beginning of the introduction in the second half of 2025, and until 2026. All qualified Square Sellers will come, with regulatory approvals.
This move builds on the existing conversion feature of the Bitco’s Square that provides traders automatically converting sales to BTC. For consumers, the payment is simply as a QR code scan, where Square solves the technical details behind the scenes, and Lightning allows almost instant alignment.
