Jack DORSEY’S SQUARE (XYZ) has begun launching Bitcoin payments for merchants on their network.
Square began incorporating the first sellers, which allowed them to accept BTC payments of Customer Network, Owen Jennings, Executive Officer of the Square Matrix Company (XYZ), published on X on Tuesday.
Payments are resolved in a real time with Lightning of Bitcoin layer 2, with the square processing of the exchange in Fiat.
Square plans to make the service available to all merchants using their sales platform for next year.
The company tested the system at the 2025 Bitcoin Conference in Las Vegas in May, allowing attendees to buy BTC scanning a barcode.
Square believes that rays are fundamental for their plans to accelerate the adoption of Bitcoin payments, which has been historically hindered by slow speeds.
Lightning addresses this by creating micropapa channels that can process the transaction away from the main bitcoin block chain.
