Square Supports Crypto: BTC Payments Are Now Official!

1. Overview

Block Inc. – the parent company of Square, Cash App, and TIDAL – has officially joined the S&P 500 index. At the same time, Square has launched a pilot program enabling direct Bitcoin payments via the Lightning Network — a major leap for decentralized commerce.

This marks the first time Square allows merchants to accept BTC directly via POS (Point-of-Sale) systems, with no intermediaries, instant settlements, and ultra-low fees.

“We’re onboarding our first set of merchants to a native Bitcoin experience, directly integrated with Square POS,” said Owen Jennings (Head of Business at Block) on X.

Jack Dorsey Flips the Switch: Bitcoin Is Now for Payments!

2. Why Is This a Major Turning Point?

2.1. Bitcoin Returns to Its Original Mission: Payments

Jack Dorsey — founder of Twitter (now X) — left the social media world in 2021 to focus entirely on building Bitcoin as a global currency. Bringing BTC back to retail payment systems is a step toward fulfilling that vision.

2.2. Powered by the Lightning Network

Square integrates Layer 2 Lightning Network, enabling merchants to:

•  - Receive instant BTC payments

•  - Avoid high gas fees

•  - Bypass delays and volatility from the main Bitcoin chain

2.3. Block Stock Surges

While Block’s shares were down over 8% year-to-date, they jumped more than 14% last week, largely due to:

•  - S&P 500 inclusion

•  - Renewed investor confidence in Block’s BTC-first strategy

3. Jack Dorsey – Architect of the "Bitcoin Native Economy"

Cash App – Block’s payment app – has long supported BTC buy, send, and receive. Now, Jack Dorsey is accelerating the next phase:

“Bitcoin must be used for payments — as originally intended. Not just for speculation.” — Dorsey (2023)

4. BTC Price & Market Landscape

•  - Bitcoin is trading around $118,000, up 26% year-to-date

•  - Liquidity is rising, but altcoins remain highly volatile

•  - Capital is shifting toward Layer 2 solutions and real-world applications

5. Conclusion: The Dawn of the “Bitcoin POS” Era?

Block is not only redefining crypto payments — it is:

•  - Paving the way for millions of merchants to accept BTC

•  - Forcing the fintech industry to revisit Layer 2 technology

•  - Proving that Bitcoin is not just an asset — but a real currency