Square Bitcoin payments go live with Lightning support and fiat settlement
Crypto Briefing
Square now allows merchants to accept Bitcoin payments using the Lightning Network, with options for crypto or fiat settlement.Summary
Square, a Block Inc. platform, has launched a feature enabling merchants to accept customer payments in Bitcoin or traditional fiat currency via its point-of-sale system. This integration utilizes the Lightning Network for fast, near-real-time processing of Bitcoin transactions. Merchants gain flexibility by choosing to receive settlement either in cryptocurrency or converted to fiat currency. Jack Dorsey, co-founder of Square, supports this move as part of integrating crypto into mainstream commerce infrastructure.
(Source：Crypto Briefing)