Block CEO Jack Dorsey Invites Businesses Using Square PoS System To Test Bitcoin Payments Feature

Core Insights - Jack Dorsey, co-founder and CEO of Block Inc., is promoting the use of Bitcoin payments among merchants on the Square platform, indicating a strategic push towards integrating cryptocurrency into everyday transactions [1][2][5] - The Bitcoin payment functionality is in the final testing stages and is expected to roll out in the second half of 2025, reaching all eligible Square merchants by 2026 [3][4] - Dorsey emphasizes Bitcoin's role as a transactional currency, arguing that it must transition from being a store of value to a medium of exchange to remain relevant [5] Company Developments - Block Inc. is leveraging the Lightning Network to facilitate Bitcoin payments on Square, showcasing a commitment to enhancing payment solutions for merchants [4] - The company has received positive feedback from its team, with senior software engineer Aaron Hammer describing the initiative as an "extremely exciting unlock" for sellers [2] Market Performance - As of the latest data, Bitcoin is trading at $115,364, reflecting a 0.68% decrease in the last 24 hours, while Block shares increased by 0.58% in pre-market trading after a 2.42% rise during the previous trading session [6]