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- Block Inc. to enable Bitcoin payments across 4 million Square merchants by 2026, starting with a 2025 rollout.
- The new feature lets customers pay with Bitcoin via QR code, while merchants can accept BTC or convert it instantly to cash at checkout.
Jack Dorsey’s Block Inc. is moving forward with its plan to bring Bitcoin payments to Square merchants, a move that may reshape how millions of small businesses handle transactions. The company officially announced the move during the Bitcoin 2025 Conference in Las Vegas on May 27.
Jack Dorsey’s Block to Roll Out Bitcoin Payments Feature
Block Inc., founded by Jack Dorsey, confirmed that Square will begin supporting Bitcoin payments through the Lightning Network in the second half of 2025. This update coincides with a period when CNF reported that Block Inc. faces a $40 million fine after the NYDFS flagged major AML failures linked to a Bitcoin compliance breach.
According to the latest update, this new rollout is expected to reach full availability by 2026. However, it is still subject to regulatory approval. Square currently serves nearly four million merchants, making it the leading U.S. merchant acquirer by number of sellers.
With this feature, customers can pay with Bitcoin by scanning a QR code. Square’s backend will handle the exchange rate in real time, ensuring quick confirmation and settlement. This aims to provide smoother and faster transaction experiences.
Merchants using Square hardware can either receive Bitcoin directly or convert it into fiat currency instantly at the point of sale. The new feature builds on Square’s Bitcoin Conversion tool, launched in 2024. It allowed sellers to allocate part of their daily sales to Bitcoin automatically.
Miles Suter, Bitcoin Product Lead at Block, said the company wants to help small businesses gain better control over their revenue. He stated that this update is about getting closer to Bitcoin’s original design as a peer-to-peer payment system, not just a store of value.
It is worth noting that this new update also places Block Inc. among the growing number of organizations that began accepting Bitcoin payments in 2025. In an earlier update, CNF noted that Scotland’s Lomond School now accepts Bitcoin as a payment method. This points to a broader shift toward digital currency adoption.
A Step Toward Normalizing Bitcoin in Everyday Business
This development is part of Block’s wider push to integrate Bitcoin into everyday finance. The firm has previously introduced the BitKey self-custody wallet. This is a decentralized mining initiative called Proto, which is an open-source development via Spiral. Also, Bitcoin has become more visible on Cash App, another product owned by Block.
Jack Dorsey has been vocal about his concerns that Bitcoin could lose relevance if it remains focused only on investment. In April, he said the company was actively working on making Bitcoin a viable payment method. That promise is now taking shape.
New evidence points to Jack Dorsey’s potential involvement in Bitcoin’s creation. A CNF report also highlighted that Dorsey believes that making Bitcoin more accessible will help reduce price volatility. He then urged the community to focus on its utility as a peer-to-peer payment system.
Despite laying off nearly 2,000 staff between 2024 and early 2025 due to weak earnings, Block continues to place strong bets on Bitcoin’s role in the future of money. This is especially true for small and medium businesses.
Beyond Block Inc.’s Bitcoin initiatives, other reputable firms are also making strong moves around the world’s largest cryptocurrency. Recently, CNF reported that Roxom Global raised $17.9 million to expand its Bitcoin-denominated securities platform. The company also plans to launch RoxomTV, which it describes as the first 24/7 global Bitcoin-native media network.
