Jack Dorsey’s Block Inc. plans to integrate Bitcoin payments through Square by 2026, utilizing the Bitcoin Lightning Network for fast transactions, as demonstrated at the Bitcoin 2025 conference in Las Vegas.
This move highlights Block’s commitment to decentralized payment solutions, potentially increasing Bitcoin use among Square’s global merchant base while awaiting regulatory approval.
Block Announces Bitcoin Integration at Bitcoin 2025
The announcement of Bitcoin payment integration through Square was made at the Bitcoin 2025 conference. This initiative by Block Inc., led by Jack Dorsey, aims to bring cryptocurrency to mainstream retail using the company’s existing infrastructure.
Jack Dorsey, known for advocating Bitcoin, alongside Miles Suter, outlined the integration. The plan includes offering merchants the choice to hold Bitcoin or convert it to fiat currency, emphasizing economic empowerment.
“Merchants can choose to hold the Bitcoin, or auto-convert it to fiat in real-time.” — Jack Dorsey, CEO, Block, Inc. (source)
Global Retail Adopts Bitcoin with Square’s New Platform
The integration is expected to enhance Bitcoin’s utility by introducing it into everyday transactions globally. Merchants will have the flexibility to manage crypto payments easily, potentially fostering broader cryptocurrency adoption.
Historically, similar innovations in payment processing have significantly impacted adoption rates. By enabling Bitcoin payments and facilitating real-time conversion, Square aims to increase merchant participation. This move positions Block as a leader in crypto payment solutions.
Lightning Network Sets New Transaction Standards
Comparisons can be drawn to past events such as PayPal’s crypto integration. Block’s approach diverges by deploying the Lightning Network, potentially setting new standards in transaction efficiency for retail bitcoin use.
Experts believe Block’s integration could solidify its role in crypto adoption, affirming Bitcoin’s place in the payment landscape. This move aligns with previous strategic innovations in financial technology, signifying a potential shift in merchant payment preferences.
“Community sentiment at the Bitcoin 2025 conference indicated a ‘positive industry reception’ towards Block’s integration efforts.” (source)
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