Square to Integrate Bitcoin Payments by 2026, Enhancing Merchant Flexibility

Block, owned by Jack Dorsey, has announced that it will implement Bitcoin payments into Square by 2026. This feature will allow merchants to retain Bitcoin or automatically convert it into fiat currency in real time. The new functionality is set to begin in the second half of 2025, utilizing Lightning Network technology. It is expected to be available to all users by January, pending regulatory approvals. The announcement was made at the Bitcoin conference in Las Vegas. This innovation builds upon Square's existing feature for automatic conversion of revenues into Bitcoin. Customers will pay using QR codes, while Square will handle the technical side to ensure quick settlements. Additionally, the company plans to incorporate privacy features into the Bitkey hardware wallet. In February, inheritance options for cryptocurrencies were introduced. Supporting innovative payment solutions will undoubtedly open new opportunities for merchants.