Square Pilots Bitcoin Payments at Conference, Aiming for 2026 Launch
Square is piloting a bitcoin payment program at the Bitcoin 2025 conference in Las Vegas. Key details include:
- Attendees can make purchases by scanning a barcode with bitcoin.
- Payments are settled in near real-time using the Lightning Network.
- Square manages exchange rate calculations and confirmation notifications.
- The feature may launch for a wider audience later this year and for all customers by 2026, pending regulatory approval.
Miles Suter, Bitcoin Product Lead at Block (XYZ), emphasized the company's commitment to an open and efficient monetary system.