Square Enables Bitcoin Payments for Merchants with Lightning Network Integration
Square now supports Bitcoin payments for merchants worldwide, with Lightning Network integration enabling instant settlement and flexible conversion options between BTC and fiat currencies.
Founder and long-term Bitcoin advocate Jack Dorsey confirmed the update with a post on X on Monday, noting that sellers can now execute live transactions across both Bitcoin and traditional payment rails. The move allows sellers on Square to receive BTC-to-BTC, BTC-to-fiat, fiat-to-BTC, or fiat-to-fiat payments.
our sellers can now receive btc to btc, btc to fiat, fiat to btc, or fiat to fiat. https://t.co/NnLsd3fgEb
The integration with the Lightning Network ensures that Bitcoin transactions settle nearly instantaneously, significantly reducing payment latency and processing costs. According to the details, Square’s Bitcoin lightning payments will also be compatible with bank-issued debit cards, credit cards, as well as crypto wallets.
Merchants will also be able to switch between settlement options to hold earnings in BTC or instantly convert them into US dollars or other fiat currencies.
Square parent company, Block (SQ) Stock price rose 1.74% to $66.56 per share at $39.8 billion market cap on Nov. 10 | Source: Nasdaq
At the time of the announcement, Block Inc. (NYSE: SQ) traded 1.74% higher at $66.56, valuing the company at approximately $39.8 billion. Notably, on Oct. 31, Square allocated $50 rewards to first 20,000 US sellers to enable its Bitcoin Conversations feature, in a move to drive crypto-focused social interactions among merchants.
Best Wallet Presale Surges to $17.2M as Institutions Embrace Crypto Payments
As Square moves to accelerate Bitcoin adoption in global payments, strategic investors are positioning for the next bull cycle and are eyeing early-stage projects like Best Wallet (BEST).
Best Wallet offers secure storage, staking rewards, and integrated multi-chain access, combining self-custody and passive income opportunities.
Best Wallet Presale
Best Wallet Presale has already raised $16.9 million. Early participants have less than 48 hours to secure BEST tokens at $0.027 via the official Best Wallet website before the next price tier unlocks.
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I’m a research analyst with experience supporting Web3 startups and financial organizations through data-driven insights and strategic analysis. My goal is to help organizations make smarter decisions by bridging the gap between traditional finance and blockchain innovation.
With a background in Economics, I bring a solid understanding of market dynamics, financial systems, and the broader economic forces shaping the crypto industry. I’m currently pursuing a Master’s degree in Blockchain and Distributed Ledger Technologies at the University of Malta, where I’m expanding my expertise in decentralized systems, smart contracts, and real-world blockchain applications.
I’m especially interested in project evaluation, tokenomics, and ecosystem growth strategies, as these are areas where innovation can drive lasting impact. By combining my academic foundation with hands-on experience, I aim to provide meaningful insights that add value to both the financial and blockchain sectors.
