Jack Dorsey has confirmed that Bitcoin will soon be an option on the payments platform
Block, Inc., the financial technology company led by Jack Dorsey, is preparing to launch Bitcoin payment options through its Square platform. The rollout is set to begin later this year and will expand gradually, with full availability expected in 2026, pending regulatory clearance.
The announcement was made during the Bitcoin 2025 conference in Las Vegas, where Block showcased the payment feature at the BTC Inc. merchandise booth. The new option will allow merchants using Square’s existing point-of-sale hardware to accept Bitcoin payments directly, powered by the Lightning Network. This layer-2 solution facilitates quick, low-cost Bitcoin transactions, making crypto payments more practical for everyday purchases.
According to Dorsey, sellers will be able to choose whether to hold the Bitcoin they receive or automatically convert it into traditional currency at the time of sale. This flexibility is aimed at helping merchants manage their exposure to crypto volatility while still offering more payment choices to customers.
spend your bitcoin at @Square terminals.
merchant can choose to hold the bitcoin, or auto-convert it to fiat in real-time.
try it at bitcoin 2025 today. rolls out to more sellers this year. https://t.co/RWf6PV5Z2a
— jack (@jack) May 27, 2025
Miles Suter, Bitcoin Product Lead at Block, said the feature is designed to give businesses greater control and accessibility. “This is about economic empowerment,” Suter noted, adding that using Lightning makes the process seamless for both sellers and buyers.
Alongside the payment update, Block is also adding privacy and security improvements to Bitkey, its self-custody Bitcoin wallet. These enhancements aim to simplify the wallet experience by eliminating the need for traditional seed phrases while maintaining strong protection.
Elsewhere at the same conference, fast food chain Stake n’ Shake shared its own success with Bitcoin payments. COO Dan Edwards said the company has cut its transaction fees by half after introducing BTC at checkout. He described the move as beneficial for both the business and its customers, citing faster payments and lower costs.
Block’s push into Bitcoin payments reflects a broader effort to integrate cryptocurrency into mainstream commerce in a user-friendly and cost-effective way.
