Square to Integrate Bitcoin Payments: Dorsey Seeks Merchant Testers

Square Embraces Bitcoin: Testing Phase Begins

Block, led by CEO Jack Dorsey, is actively developing Bitcoin payment integration within its Square point-of-sale (POS) system. Dorsey recently called on merchants using Square to participate in early testing of the feature.

Senior Software Engineer at Square, Aaron Hammer, extended an invitation for Square merchants to gain early access and test the upcoming Bitcoin payment functionality.

According to a Block Bitcoin Design Lead, the functionality is in its final testing stages and is progressing as planned.

Dorsey's Bitcoin Vision

Block aims to roll out Bitcoin payments on Square using the Lightning Network, with a broader launch expected to commence in the second half of 2025 and reach all eligible Square merchants by 2026. This initiative aligns with Dorsey's belief that Bitcoin should function as a transactional currency for everyday use.

Dorsey has previously stressed the importance of Bitcoin transitioning to payments to achieve widespread adoption, referencing Satoshi Nakamoto's whitepaper that describes Bitcoin as a "peer-to-peer electronic cash system."

Key Takeaways

• Square merchants are invited to test Bitcoin payment functionality.
• Block plans a full rollout of Bitcoin payments via the Lightning Network by 2026.
• Dorsey advocates for Bitcoin's use as a daily transactional currency.

Market Update

As of writing, Bitcoin (BTC) is trading at $115,364, down 0.68% in the last 24 hours.

Block's stock (NYSE:XYZ) saw a pre-market increase of 0.58% following a 2.42% gain during Monday's regular trading session. The stock exhibits high growth scores, reflecting strong historical earnings and revenue expansion.