Jack Dorsey’s Square (XYZ) has begun to roll out Bitcoin payments for merchants on his network.
Square began aboard the first sellers, which allowed them to accept Lightning-Network-driven BTC payments from customers, Owen Jennings, performing officer at Square’s parent company Block (XYZ), posted on X on Tuesday.
Payments are decided in real-time time using Bitcoin Layer-2-Lyn, with square treatment of the exchange for Fiat.
Square plans to make the service available to all merchants who use his sales platform by next year.
The company piloted the system at the Bitcoin 2025 conference in Las Vegas in May, which allowed participants to make purchases in BTC by scanning a barcode.
Square considers Lightning as basic for its plans to speed up Bitcoin payments adoption, which has been historically hampered by slow speeds.
Lightning tackles this by creating micropayment channels that can treat transaction away from the most important Bitcoin blockchain.
