fintech / news / / Bitcoin Magazine
Block now has more than 800,000 Square businesses with bitcoin payments auto-enrollment enabled.
Block has auto-enabled bitcoin payments for over 800,000 Square businesses, adding new activations every eight seconds.
KEY POINTS
- 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
Summarized by Newsio from Bitcoin Magazine. How we summarize →