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Square has launched Bitcoin payment functionality, supporting Lighting Network and fiat settlement.

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[Square Launches Bitcoin Payment Functionality, Supports Lighting Network and Fiat Settlement] Block's payment platform Square now allows merchants to accept Bitcoin or traditional fiat payments through its point of sale (POS) system. This new feature provides sellers with the flexibility to choose their preferred transaction settlement method. Square's Bitcoin payment feature utilizes the Lightning Network to achieve near real-time settlements, allowing merchants to process cryptocurrency, credit card, and digital wallet payments simultaneously. This integration enables sellers to choose to receive payments in cryptocurrency or convert them to fiat when accepting Bitcoin payments.

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