Block Integrates Bitcoin Lightning Payments Across 4 Million Square Merchants
Block Integrates Bitcoin Lightning Payments Across 4 Million Square Merchants
Jack Dorsey's Block (formerly Square) has announced a significant expansion of Bitcoin (BTC) payment capabilities, integrating Lightning Network support across its entire network of 4 million Square point-of-sale terminals. This move is poised to substantially boost Bitcoin's adoption in retail payments.
Bitcoin Payments Go Mainstream with Square Integration
In a landmark development for cryptocurrency adoption, Jack Dorsey's Block, the parent company of Square, has rolled out Bitcoin (BTC) payment functionality to its vast network of 4 million Square merchants. The integration utilizes the Lightning Network, a layer-2 protocol known for enabling faster and more cost-effective Bitcoin transactions, making it ideal for retail environments.
This initiative transforms every Square point-of-sale terminal into a Bitcoin-enabled device, allowing millions of businesses to accept BTC. The move underscores a strong belief in Bitcoin's potential as a medium of exchange and represents a significant step towards its mainstream acceptance in daily commerce, particularly for small to medium-sized businesses.