Block, Inc., the financial services company led by Jack Dorsey, revealed plans to allow Bitcoin payments on its popular Square platform. The process is set to begin in the second half of 2025, and a full launch should take place by 2026 if all regulatory approvals are granted.
The announcement came at the Bitcoin 2025 conference in Las Vegas on May 27, where Block showcased the new feature at the BTC Inc. merchandise store.
spend your bitcoin at @Square terminals.
merchant can choose to hold the bitcoin, or auto-convert it to fiat in real-time.
try it at bitcoin 2025 today. rolls out to more sellers this year. https://t.co/RWf6PV5Z2a
— jack (@jack) May 27, 2025
Merchants using Square will soon be able to accept Bitcoin payments through existing hardware, thanks to the Lightning Network. This layer-2 technology allows faster and cheaper Bitcoin transactions.
Businesses can decide to keep their Bitcoin earnings or immediately convert them into cash. Jack Dorsey pointed out on X that this flexibility allows merchants to decide how they want their payments to be handled.
Block is expanding on Square’s existing Bitcoin Conversion feature, which automatically changes sales into Bitcoin. Paying with Bitcoin is as simple as scanning a QR code, and Square takes care of all the complicated steps.
The company is also adding privacy and security features to Bitkey, its self-custody Bitcoin wallet, so users can access their wallets more easily without having to use a seed phrase.
At the same time, Stake n’ Shake, an American fast-food chain, saved half of its payment processing costs after accepting Bitcoin. Dan Edwards, the company’s operating chief, said that Bitcoin’s fast and affordable features are a plus for customers, merchants and the community.
This growing adoption of Bitcoin by major companies signals a stronger future for crypto payments worldwide.
Also Read: Jack Dorsey’s Block to Launch Open-Source Bitcoin Mining Chip