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Block is officially bringing Bitcoin payments to Square, and this rollout is happening in late 2025. The company announced that millions of merchants will soon be able to accept Bitcoin payments directly through their existing Square systems, which should significantly boost Bitcoin adoption while also reducing crypto transaction fees for businesses. Also Read: BlackRock Flags Quantum Computing as Emerging Bitcoin Threat Block Square Bitcoin Payments Drive Adoption, Cut Fees & Enhance Security Source: Watcher Guru How Block’s New Bitcoin Payment System Actually Works Right now, Block is using the Lightning Network to power these new Bitcoin payments on Square, and this technology enables near-instant transactions with much lower crypto transaction fees than traditional Bitcoin transactions. Merchants can accept Bitcoin payments through their current Square hardware, and the system automatically handles all the complex stuff like exchange rate calculations and transaction confirmat...

Jack Dorsey’s fintech firm Block is being probed by federal prosecutors after a former employee claimed that “everything in its compliance section was flawed” and that it’s “led by people who should not be in charge of a regulated compliance program.” As reported by NBC, the whistleblower also claimed that Block and its business units Cash App and Square transacted crypto for terrorists, facilitated payments for sanctioned countries, and flouted compliance protocols. The whistleblower — a former Block employee — reportedly provided 100 pages of documents to prosecutors from the Southern District of New York that show the alleged malpractice.  The documents allegedly detail how Block processed numerous crypto transactions for terrorist-designated groups. Meanwhile, Square and Cash App allegedly failed to collect relevant information from customers that would help assess risks. Square also reportedly facilitated thousands of transactions with coun...