Block announces Bitcoin payments in Square via Lightning Network

Event attendees Bitcoin 2025 You can see payments first hand BTC via Square in the enabled points. The function is expected to be available for those interested since the second half of this year.

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• The function will be released in Bitcoin 2025 In Las Vegas
• The transactions will be fast and low cost thanks to Lightning Network
• The process will be as simple as scanning a QR code and validating the operation.
• The measure is part of a broader strategy of products based on Bitcoin by Block

The company Block, Inc., Directed by Jack Dorsy, he officially announced that his payment platform Square will integrate support for payments with Bitcoin through Lightning Network. This new functionality represents a strategic advance towards the daily adoption of Bitcoin as a means of payment and will be shown for the first time to the public during the conference Bitcoin 2025 In Las Vegas, between May 27 and 29.

According to a statement published by the team of Block, The attendees a Bitcoin 2025 They can experience the first -hand system in the official merchandise store of BTC Inc. The official deployment is planned to begin in the second half of 2025 And it is expected to reach all eligible vendors in 2026, subject to relevant regulatory approvals.

Bitcoin for business: an integrated solution

The new payment function in Bitcoin It is not an isolated effort. Square He had already launched an option that allows merchants to automatically convert a part of their daily income into Bitcoin. Now, The incorporation of native payments is presented as a natural evolution, allowing small and medium -sized companies to accept payments directly in BTC

“Block has always been a Bitcoin defender, focused on making it more accessible and useful in everyday life,” Miles Suter explained, product leader Bitcoin in Block “This allows a cafeteria or a retail store to receive faster payments and keep more of its income”

The solution also focuses on simplicity: for the client, paying Bitcoin It will be as simple as scanning a QR code at the point of sale. All processing, including the calculation of the exchange rate and the confirmation of the transaction, will be handled by the platform of Square.

Lightning Network: speed and efficiency at the service of trade

Integration is based on Lightning Network, A technology that allows payments BTC almost instantaneously and with very low costs. Being a second layer solution on Bitcoin, The network considerably improves the scalability of the original layer, allowing its practical use in physical and digital shops.

Block It emphasizes that this new function will allow millions of vendors to process payments without the usual friction associated with cryptocurrencies. In addition, the automation and friendly design of the platform prevent merchants should worry about price volatility or the technical details of the Wallets.

“We believe in an open, decentralized, fair, fast and low cost for everyone.Suter concluded.

A vision of expanding ecosystem

Payments in BTC through Square They are just a part of the ecosystem that Block has been developing. The company also offers:

• Cash App: purchase, sale and transfer of Bitcoin.
• Bitkey: A self -ocustody wallet launched in March 2024.
• Proto: Tools and services to decentralize mining.
• Spiral: support for open source projects that promote the use of Bitcoin.

Bitkey In particular, it stands out for its approach to safety and simplicity. Unlike other hardware solutions, it does not require traditional seed phrases. Use a system of multiple signatures and recovery, even allowing heirs as a backup method. These advances seek to make the most accessible self -ocustody on a global scale.

For its part, Proto Its objective is to democratize access to mining of Bitcoin. Their tools seek to empower developers of all sizes and locations, promoting a more diverse and distributed network of validators.

Together, the initiatives of Block They aim to convert Bitcoin in a functional infrastructure for trade, investment and personal financial sovereignty.

Article written by a content editor. Edited by Angel Di Matteo / Diariobitcoin

Original image of Unspash

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