Block Enables Bitcoin Lightning Payments for 4 Million Square Merchants

Block has activated Bitcoin Lightning Network payment processing across its Square merchant network, enabling approximately 4 million sellers to accept cryptocurrency transactions at point-of-sale. Merchants can choose to settle in Bitcoin or convert to dollars automatically, with 0% processing fees through 2027 and 1% thereafter. The fee structure sits below the typical 1.5–3% card processing costs while eliminating chargeback risk and providing instant settlement.