6 days ago
Jack Dorsey's Square (XYZ) has begun the rollout of bitcoin payments for merchants connected its network.
Square began onboarding the archetypal sellers, enabling them to judge Lightning Network-powered BTC payments from customers, Owen Jennings, enforcement serviceman astatine Square's genitor institution Block (XYZ), posted connected X connected Tuesday.
Payments are settled successful real-near clip utilizing Bitcoin layer-2 Lightning, with Square processing the speech into fiat.
Square plans to marque the work disposable to each merchants utilizing its income level by adjacent year.
The institution piloted the strategy astatine the Bitcoin 2025 league successful Las Vegas successful May, allowing attendees to marque purchases successful BTC by scanning a barcode.
Square regards Lightning arsenic cardinal to its plans to accelerate bitcoin payments adoption, which has been hampered historically by dilatory speeds.
Lightning tackles this by creating micropayment channels that tin process transaction distant from the main Bitcoin blockchain.
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