Jack Dorsey’s financial company Block, Inc., plans to introduce Bitcoin payments through Square, its payment-processing division, starting with a phased release later this year followed by a complete roll-out by 2026.
The company
announced
The plan for the Bitcoin 2025 conference in Las Vegas on May 27, where Block showcased the feature at the BTC Inc. merchandise store.
Merchants will have the capability to accept Bitcoin (
BTC
Payments via current Square devices utilizing the Lightning Network, which is Bitcoin’s quicker, reduced-fee secondary scalability solution.
“Merchants have the option to retain the Bitcoin or automatically convert it into fiat currency in real time,” Dorsey said.
said
on X.
The firm stated it anticipates commencing the rollout during the latter half of 2025, with plans to extend this offer to all qualifying Square sellers by 2026, pending necessary regulatory approvals.
This development expands upon Square’s current Bitcoin Conversion feature, which enables retailers to seamlessly convert transactions intoBTC. When paying, customers just need to scan a QR code;Square takes care of all the underlying processes.
Lightning
enabling near-instant settlement.
“This focuses on providing economic empowerment for merchants who prefer having choices when it comes to receiving payments,” stated Miles Suter, the Bitcoin Product Lead at Block.
Related:
Jack Dorsey’s Block is investing in Bitcoin monthly through dollar-cost averaging.
The firm announced additional measures including new privacy and security enhancements for self-custody of Bitcoin will be introduced from May onwards.
wallet Bitkey
that was introduced in late 2023, aimed at making self-custody more user-friendly without relying on conventional seed phrases.
Stake n’ Shake reduces charges for Bitcoin acceptance
At Bitcoin 2025, Dan Edwards, who leads operations for the U.S. quick-service restaurant chain Steak n’ Shake, announced from the stage that the company had reduced its payment processing costs by fifty percent through the implementation of Bitcoin transactions.
“Our experience up until now with Bitcoin shows that it is quicker than using credit cards. When clients opt to pay with Bitcoin rather than credit cards, we save approximately half on our transaction fees,” Edwards stated.
This indicates that Bitcoin is advantageous for the customer, beneficial for us as merchants, and positive for you within the Bitcoin community.
On May 9, Steak ‘n Shake revealed that it plans
begin accepting Bitcoin
As payment method at every restaurant worldwide beginning on May 16.
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