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By Helene Braun|Edited by Stephen Alpher
May 27, 2025, 8:05 p.m.
- Square is piloting bitcoin payments via the Lightning Network at Bitcoin 2025 in Las Vegas.
- Attendees can buy goods by scanning a barcode, with near-instant settlement handled by the Lightning Network and Square.
- The company aims to roll out the feature broadly by 2026, pending regulatory approval.
Jack Dorsey’s Square has taken bitcoin
payments a step further at the Bitcoin 2025 conference in Las Vegas this week.
STORY CONTINUES BELOW
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.
Helene is a New York-based markets reporter at CoinDesk, covering the latest news from Wall Street, the rise of the spot bitcoin exchange-traded funds and updates on crypto markets. She is a graduate of New York University’s business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.
