"Block, a payments infrastructure company led by Jack Dorsey, has introduced a Bitcoin payments platform through Square. The rollout gives Square's US merchant network, which includes roughly 4 million businesses, the ability to accept Bitcoin ( BTC), with availability expanding in phases. This development is significant because it helps shift Bitcoin from a specialized asset mainly used for long-term holding to a practical option for everyday transactions. In online commerce, offering additional payment methods is essential for staying competitive."
"Square is enabling 4 million merchants to accept fast, low-fee Bitcoin payments through the Lightning Network. The rollout turns Bitcoin into a practical checkout option with instant settlement and no processing fees until 2027. Bitcoin payments can expand customer choice, cut costs and streamline cross-border transactions for online sellers. Merchants must still consider volatility, compliance, irreversible payments and customer adoption before integrating Bitcoin."
Block's Square is rolling out a Bitcoin payments platform to roughly 4 million U.S. merchants, enabling sellers to accept BTC via the Lightning Network. At checkout a Lightning invoice QR code is generated, customers pay with compatible wallets, and funds settle nearly instantly. Square applies no processing fees to Bitcoin transactions through at least 2027. The feature turns Bitcoin into a practical checkout option for online and omnichannel sellers, expanding payment choice, lowering costs, and simplifying cross-border transactions. Merchants must still weigh price volatility, regulatory and compliance obligations, irreversible payments, and customer adoption before integrating Bitcoin.
Read at Cointelegraph
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