# Block now has more than 800,000 Square businesses with bitcoin payments auto-enrollment enabled.

*fintech · news · 2026-04-28 · Bitcoin Magazine*

## Key points

- Block has auto-enabled bitcoin payments for over 800,000 Square businesses, adding new activations every eight seconds.
- Block introduced a tap-to-pay bitcoin feature using NFC and Lightning Network, with zero processing fees through 2026.
- Cash App now allows auto-conversion of payments to bitcoin, 5% Bitcoin Back rewards, and much higher withdrawal limits.
- Block released a Bitkey hardware wallet with touchscreen and 2-of-3 multisig, eliminating seed phrase requirements.
- Block disclosed $2.2 billion in BTC reserves, with full on-chain cryptographic proof and public dashboard.

**Companies:** Block
**Countries:** United States

[Read the full story on Bitcoin Magazine](https://bitcoinmagazine.com/news/blocks-xyz-miles-suter-pushes-bitcoin)

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Summarized by Newsio from Bitcoin Magazine. https://newsio.io/how-it-works