Jack Dorsey's Block will bring Bitcoin payments to Square by 2026

Block, Inc. is rolling out Bitcoin payments on Square, and merchants will be able to hold Bitcoin or automatically convert it to fiat currency in real-time.

Jack Dorsey's financial services company Block, Inc. will launch a Bitcoin payment service on Square, the company's payment processing platform, which is expected to begin deployment later this year before a full launch in 2026.

The company announced this plan at the Bitcoin 2025 conference in Las Vegas on May 27, where Block showcased the feature at the BTC Inc. merchandise store.

Merchants will be able to accept Bitcoin payments through existing Square hardware using the Lightning Network, Bitcoin's faster and lower-cost layer 2 scaling solution.

Dorsey stated on X: "Merchants can choose to hold Bitcoin or automatically convert it to fiat currency in real-time."

The company said it expects to begin deployment in the second half of 2025, reaching all eligible Square sellers by 2026, depending on regulatory approval.

This move builds on Square's existing BTC Conversion feature, which allows merchants to automatically convert sales to BTC. For consumers, payments are as simple as scanning a QR code, with Square handling the technical issues behind the scenes and Lightning enabling almost instant payments.

Block's Bitcoin product lead said: "The goal of this is to empower merchants who want more options when accepting payments."