Square began piloting real-time Bitcoin payments for sellers on May 27, 2025, starting with a pop-up store in Las Vegas. This initiative utilizes the Lightning network to facilitate faster and cheaper transactions, with Square handling real-time exchange rates and payment confirmations.
This public debut marks Block's most ambitious step yet to establish Bitcoin as an 'everyday money,' moving beyond its perception as solely a store of value. The company plans to offer Bitcoin payments to eligible Square sellers later this year, with full availability targeted for 2026, pending regulatory approval.
For businesses, the system offers flexibility: payments can be instantly converted to dollars for those not wanting Bitcoin exposure, or managed within a 'Bitcoin for Business' stack for those who wish to hold the cryptocurrency. This initiative aims to provide small and medium-sized merchants with more payment options and enhance accessibility to Bitcoin.
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