Square Crosses 1 Million Bitcoin-Enabled Merchants as Real-World Adoption Continues to Grow
Bitcoin Magazine Square Crosses 1 Million Bitcoin-Enabled Merchants as Real-World Adoption Continues to Grow Block, Inc.’s Square has auto-enabled roughly 1 million U.S. merchants to accept Bitcoin payments via the Lightning Network, letting customers pay in BTC while merchants automatically receive USD settlements with near-instant conversion in the backgro...
Key takeaways
- 1Square auto-enabled approximately 1 million U.S. merchants to accept Bitcoin payments via Lightning Network since March 30, 2026.
- 2Merchants receive USD settlements automatically while customers pay in BTC, with near-instant conversion and zero processing fees through 2026.
- 3Block holds 28,355.05 BTC worth roughly $2.2 billion as of Q1 2026 proof-of-reserves report.
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Why it matters
This milestone demonstrates Bitcoin's growing mainstream adoption as everyday currency rather than speculative asset, which could influence India's regulatory stance on crypto payments. Square's merchant-friendly model addressing currency risk may inspire similar payment solutions in Indian markets once local regulations clarify.
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