Square Completes Bitcoin Payment Expansion for U.S. Merchants, Supports Lightning Network Payments

Square has today completed a phased expansion of Bitcoin payments, opening Lightning Network payments to eligible U.S. merchants. Consumers can pay with Bitcoin, while merchants will default to receiving U.S. dollars but can choose to retain Bitcoin. Square will waive Bitcoin payment processing fees until the end of 2026, after which a uniform fee of 1% will be charged. Square's merchant network covers over 4 million merchants, but eligibility restrictions still exist, and actual adoption has yet to be independently quantified.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.