Square has initiated a pilot program for real-time Bitcoin payments utilizing the Lightning Network at the “Bitcoin 2025” conference held in Las Vegas. This innovative system enables participants to complete purchases by scanning a barcode and paying in Bitcoin, with transaction verification and exchange rate calculations processed instantly through the Lightning Network and Square’s platform. As a result, payments are confirmed almost immediately, enhancing convenience for both consumers and merchants.
According to an official press release from Square, this feature is currently being tested on a limited scale during the conference. The company aims to expand full availability of this service to its customer base by 2026, contingent upon obtaining the necessary governmental and regulatory approvals. This initiative aligns with Square’s broader vision to promote an open, decentralized, equitable, fast, and cost-effective financial ecosystem that benefits a wide range of users and businesses.
Miles Ster, Head of Bitcoin Products at Square’s parent company Block (formerly known as XYZ), emphasized their goal to develop a system that simplifies and democratizes Bitcoin payments for all Square merchants. Industry analysts regard this development as a significant milestone in Bitcoin payment infrastructure, anticipating it will accelerate cryptocurrency adoption and usage.
Market reporter Helen Brown, based in New York, notes that Square’s project is poised to inject new momentum into cryptocurrency utilization, making payment processes more transparent and efficient for end-users. This advancement may represent a crucial step toward the broader integration of cryptocurrencies into everyday financial transactions and the overall expansion of the crypto market.
For further details, the full report can be accessed here: https://www.coindesk.com/tech/2025/05/27/square-pilots-real-time-bitcoin-payments-in-vegas-plans-full-availability-to-customers-in-2026
