""If Bitcoin doesn't function as peer-to-peer cash, it loses the quality that makes it transformational," Suter stated, emphasizing the need for bitcoin to circulate rather than remain stagnant."
""Block now has more than 800,000 Square businesses with bitcoin payments auto-enrollment enabled, and a new business is activating the feature every eight seconds," Suter reported, showcasing the rapid adoption of bitcoin payments."
""The system uses NFC hardware and the Lightning Network for settlement, requires no QR codes, and carries zero processing fees through 2026," Suter explained, detailing the new tap-to-pay bitcoin feature."
""Workers receive their paycheck in Cash App, convert it to bitcoin, and sweep those funds into self-custody," Suter outlined, presenting a vision for a future-state income loop."
Miles Suter emphasized the importance of bitcoin circulation at Bitcoin 2026, stating that it must function as peer-to-peer cash. Block has over 800,000 Square merchants accepting bitcoin payments, with new businesses activating every eight seconds. The company introduced a tap-to-pay bitcoin feature, aiming for seamless transactions similar to Apple Pay. Cash App now allows auto-conversion of peer-to-peer payments into bitcoin, enhancing user experience and promoting broader adoption of bitcoin in everyday transactions.
Read at Bitcoin Magazine
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