Jack Dorsey’s Square has taken bitcoin BTC payments a step further at the Bitcoin 2025 conference in Las Vegas this week.
For three days, the company is piloting a program where attendees can make purchases with their bitcoin by scanning a barcode. Payments are then settled in near real-time via the Lighting Network while Square handles real-time exchange rate calculations and confirmation notifications, according to a press release.
Square hopes to make the feature available to a broader audience later this year and to all customers by 2026, pending regulatory approval.
“We believe in an open, decentralized, fair, fast, and low-cost money system for everyone, and that’s exactly what we want to bring to Square sellers,” said Miles Suter, Bitcoin Product Lead at Block (XYZ), the parent company of Square.