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Square Pilots Real-Time Bitcoin Payments in Vegas, Plans Full Availability to Customers in 2026
The feature would still need regulatory approval in order to be made available to all customers.
Updated May 28, 2025, 2:32 p.m. Published May 27, 2025, 8:05 p.m.
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What to know:
- Square is piloting bitcoin payments via the Lightning Network at Bitcoin 2025 in Las Vegas.
- Attendees can buy goods by scanning a barcode, with near-instant settlement handled by the Lightning Network and Square.
- The company aims to roll out the feature broadly by 2026, pending regulatory approval.
Jack Dorsey’s Square has taken bitcoin payments a step further at the Bitcoin 2025 conference in Las Vegas this week.
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For three days, the company is piloting a program where attendees can make purchases with their bitcoin by scanning a barcode. Payments are then settled in near real-time via the Lighting Network while Square handles real-time exchange rate calculations and confirmation notifications, according to a press release.
Square hopes to make the feature available to a broader audience later this year and to all customers by 2026, pending regulatory approval.
“We believe in an open, decentralized, fair, fast, and low-cost money system for everyone, and that’s exactly what we want to bring to Square sellers,” said Miles Suter, Bitcoin Product Lead at Block (XYZ), the parent company of Square.
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Sam Altman's OpenAI unveils ‘EVMbench’ to test whether AI can keep crypto’s smart contracts safe
Developed with Paradigm, the tool is OpenAI’s attempt to determine whether modern AI systems are up to the task of helping prevent smart contract issues.
What to know:
- OpenAI is stepping deeper into crypto security with the launch of EVMbench, a new testing framework designed to measure how well artificial intelligence can understand and potentially secure smart contracts on blockchains.
- Smart contracts are typically immutable once deployed, and vulnerabilities can be serious.
- EVMbench is OpenAI’s attempt to see whether modern AI systems are up to the task of helping prevent such issues.
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