Dorsey will start BTC payments, follow the path of Satoshi
Jack Dorsey's fintech company Block Inc. has made a big announcement that it is now going to start the facility of BTC payments through its payment processing branch Square. This service will be launched in the second half of the year 2025 and by 2026 it will be available to all eligible merchants. In this new feature, merchants can accept Bitcoin directly or convert it to fiat currency in real-time.
The announcement was made at the Bitcoin 2025 Conference in Las Vegas, where Block also gave a demo of it at BTC Inc.'s merchandise store. The most special thing about this feature is that it is based on Bitcoin's layer-2 scaling network Lightning Network, which will make transactions faster and cheaper.
Merchants will get the option of real-time conversion and holding
Through Square, traders will now be able to accept BTC payments by scanning QR code. This process will be very simple for the customers as Square will take full responsibility of the technical side. Merchants can choose between holding Bitcoin or converting it to dollars or other fiat currencies in real-time.
Block Inc. says the move is an important step toward economic empowerment. Bitcoin product lead Miles Suter said, “This is a new opportunity for traders who want more choices when it comes to payments.” Jack Dorsey also tweeted about accepting BTC payments on X.
BTC Payments can bring revolution in retail space
This feature can benefit small and large merchants a lot. For example, Dan Edwards, COO of American fast food chain Stake n’ Shake, said that adopting BTC payments has reduced their payment processing fees by up to 50%. He said, “This is not only beneficial for the customer, but also for us and the entire Bitcoin Community.”
Due to fast transactions, low fees and technical simplicity, BTC payments can become a more economical and convenient option than credit cards in the future.
Bitkey Wallet is also getting new privacy features
Block Inc. has not limited itself to payments only. The company has also announced that it is adding new privacy and security features to its self-custody Bitcoin Wallet Bitkey. Launched in 2023, this wallet will now provide an easy and secure option instead of the traditional seed phrase, allowing more people to adopt self-custody.
This feature will be very beneficial for those users who want to keep their cryptocurrency under their own control rather than through an exchange.
Questions raised again between Dorsey and Nakamoto
An interesting twist in this entire development is that Dorsey is once again seen adopting Bitcoin. Meanwhile, the theory of D-Banked editor-in-chief Sean Murray has again come into the limelight in which it was claimed that Jack Dorsey is actually Satoshi Nakamoto, the creator of Bitcoin.
It is worth noting that Murray says that Jack Dorsey's keen interest in cryptography, the timestamp found in the Bitcoin code at 4 am from time to time and Dorsey's thinking of reducing dependence on the dollar all indicate that perhaps he is Nakamoto. In particular, Satoshi's disappearance in 2011 and Dorsey's founding of Square at the same time are considered by many to be no coincidence.
Conclusion
Jack Dorsey's company Block Inc.'s integration of BTC payments into the Square platform is not only a technical achievement, but also a big and bold step towards digital finance. With the help of Lightning Network, while merchants will remain profitable, customers will also get the benefit of fast and cheap transactions.
Dorsey's move is once again fueling speculation about his commitment to Bitcoin and possibly being Satoshi Nakamoto. Whether he is Satoshi or not, there is no denying that he is one of the most influential faces of the Bitcoin ecosystem. The adoption of BTC payments through Square could give a new direction to the global digital economy in the coming years.