Block Announces Bitcoin Business Stack, Makes Historic Lightning Payments Push at Bitcoin 2025
Bitcoin Product Lead at Block Inc., Miles Suter, delivered a groundbreaking keynote at the Bitcoin 2025 Conference, unveiling a vision where Bitcoin transcends being just a store of value to becoming the internet’s native currency. This signals a shift from merely holding Bitcoin to actively using it for daily transactions and living on it.
Suter announced that Block is introducing Bitcoin payment capabilities for merchants utilizing Square POS, enabling them to accept Bitcoin directly in-store. This move is part of a comprehensive initiative known as the full Bitcoin for business stack, encompassing various aspects like acquisition, management, reporting, accounting, conversion, lending, and taxes.
One of the key highlights was the Guinness World Record attempt for the most Lightning payments in a day, hosted live at the conference. This event aimed to demonstrate the scalability, speed, and real-world applicability of Lightning payments, emphasizing their potential as a practical everyday payment solution.
Block’s commitment to Bitcoin is evident through its past actions, including putting Bitcoin on its balance sheet in 2020, founding the Bitcoin Clean Energy Initiative in 2021, and launching on-chain payments with Square in 2023. Suter emphasized a pattern of making Bitcoin more accessible, secure, and now focusing on increasing its usability in everyday transactions.
With Cash App ranking among the top Bitcoin on-ramps in the U.S. and significant Lightning usage growth in 2024, Block’s efforts to make Bitcoin a functional currency are gaining traction. This includes allocating 10% of Bitcoin profits back to its balance sheet and facilitating automatic Bitcoin conversions for over 1,700 merchants.
In closing, Suter reiterated the importance of Bitcoin payments in validating Bitcoin as true money, emphasizing that for Bitcoin to fulfill its mission, it must go beyond being just digital gold. As Block continues to push the boundaries of Bitcoin adoption, the vision of Bitcoin as a pervasive everyday currency inches closer to reality.
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