🖥 🪙 The fintech company Block will implement Bitcoin payments ($BTC ) on its Square platform.

BTC payments in the Square app are expected to be available by the end of 2025.

As a result, merchants will be able to accumulate BTC or automatically convert cryptocurrency to fiat in real-time.

The deployment of functionality through Square terminals and the Lightning Network protocol will begin in the second half of 2025. Coverage for all customers is expected by January, pending regulatory approvals.✔️

The initiative relies on the existing Square Bitcoin Conversions feature, which allows merchants to automatically convert revenue into the first cryptocurrency.

🔗 For consumers, payment will be made by scanning a QR code. Square will handle the technical issues, while the Lightning Network will ensure settlement.

According to Block, this is an expansion of economic opportunities for entrepreneurs who want to have a choice in payment acceptance.

The implementation of BTC payments through Square will expand the use of cryptocurrency in real business and may contribute to further growth in trust in Bitcoin as a means of payment. This is a positive signal for the market, especially in the long term.