Block Inc. brings Bitcoin payment functions on the Square platform: Full integration of the Lightning Networks by 2026

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Block Inc. startet Bitcoin-Zahlungsfähigkeit auf der Square-Plattform Block Inc. hat die Integration von Bitcoin-Zahlungsoptionen auf seiner Square-Plattform bekannt gegeben. Diese innovative Funktion nutzt das Lightning Network, um schnellere und kostengünstigere Transaktionen zu ermöglichen. Die vollständige Einführung der Bitcoin-Zahlungsmöglichkeiten ist für das Jahr 2026 geplant. Die Nutzung des Lightning Networks stellt einen bedeutenden Fortschritt für die …
Block Inc. starts Bitcoin payment ability on the Square platform Block Inc. has announced the integration of Bitcoin payment options on its Square platform. The Lightning Network uses this innovative function to enable faster and cheaper transactions. The full introduction of Bitcoin payment options is planned for 2026. The use of the Lightning Networks provides significant progress for ... (Symbolbild/KNAT)

Block Inc. starts Bitcoin payment ability on the Square platform

Block Inc. has announced the integration of Bitcoin payment options on its Square platform. The Lightning Network uses this innovative function to enable faster and cheaper transactions. The full introduction of Bitcoin payment options is planned for 2026.

The use of the Lightning Networks represents a significant progress for the acceptance of Bitcoin in retail and pursues the goal of significantly increasing the transaction speed. This could be of great advantage for both retailers and consumers, since it enables efficient processing of payments.

With this expansion, Block Inc. positions itself as a pioneer in the integration of cryptocurrencies into everyday financial services. The introduction of Bitcoin payments on the Square platform could herald a new era of digital payment methods and help to further promote the use of Bitcoin as a means of payment.

Overall, Block Inc.’s initiative shows how companies in financial technology actively deal with the development of cryptocurrencies and exploit their potential for payment transactions. With the complete introduction in 2026, it will be exciting to observe how the market landscape for cryptocurrencies and digital payments will change.