Square Crosses 1 Million Bitcoin-Enabled Merchants as Real-World Adoption Continues to Grow
Square now enables over 1 million merchants to accept Bitcoin payments, with auto-enrollment and Lightning Network integration.Summary
Block Inc.'s Square has surpassed 1 million merchants capable of accepting Bitcoin payments, driven by an auto-enrollment initiative that began on March 30, 2026. This feature, powered by the Lightning Network, allows for near-instantaneous settlement while merchants receive U.S. dollars by default, mitigating currency risk. Customers can pay with Bitcoin via Lightning, and the system handles the conversion in the background, with merchants having the option to opt out. This push aligns with Block's broader strategy to promote Bitcoin as everyday money rather than just an investment. The company is also introducing features like tap-to-pay Bitcoin using NFC and offering zero processing fees through 2026. Additionally, Cash App users can convert payments to BTC, earn Bitcoin rewards, and utilize enhanced withdrawal limits. Block also updated its Bitkey hardware wallet and released its Q1 2026 proof-of-reserves report, showing holdings of 28,355.05 BTC.
(Source：Bitcoin Magazine)