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Block is set to allow businesses to receive Bitcoin payments via its Square point-of-sale terminals.
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The new feature builds on its Bitcoin Conversions feature, which launched in 2024.
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It is not the first time Block has introduced a feature that allows merchants to accept Bitcoin payments.
Twitter co-founder and Block (NYSE:XYZ) CEO Jack Dorsey said that Bitcoin fails if it is not used in everyday payments. Fast forward a month later, the Bitcoin proponent is putting his money where his mouth is.
Block saidTuesday that it is set to allow businesses to receive Bitcoin payments via its Square point-of-sale terminals.
The firm said the feature was currently being demonstrated at Bitcoin 2025 in Las Vegas at the BTC Inc. merchandise store. A full rollout of the feature will commence in the second half of the year and be completed for all eligible merchants by 2026, subject to relevant regulatory approvals, Block said.
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Block said the new feature builds on its Bitcoin Conversions feature, which launched in 2024, which allows merchants to convert a part of their sales to Bitcoin.
The feature leverages the Lightning Network for near-instant settlement and will allow customers to make Bitcoin payments by simply scanning a QR code at checkout, Block said. Meanwhile, merchants will be able to choose whether to hold the received Bitcoin or have it automatically converted to fiat currency in real time, according to the firm.
“Block has long been a champion of bitcoin, focused on making it more accessible and usable in our everyday lives,” Block Bitcoin Product Lead Miles Suter said in the company’s announcement. “Rolling out a native bitcoin experience to millions of sellers brings us one step closer to that goal.”
According to Suter, the feature would enable businesses to receive payment faster and retain a greater portion of their revenue.
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It is not the first time Block has introduced a feature that allows merchants to accept Bitcoin payments. The firm first enabled direct Bitcoin payments for its online sellers in 2014. Dorsey said last month, however, “zero buyers used it.”
