In a report published on November 11, 2026, at 00:00 (UTC+8), Odaily said Square planned to complete a phased expansion of Bitcoin payments that day. Lightning Network payments were set to become available to eligible sellers in Square’s US merchant network. The report did not independently confirm that the rollout was complete.
Under the arrangement described, a customer can pay in Bitcoin while the seller receives US dollars by default. Sellers can instead choose to retain Bitcoin. Square said it would waive Bitcoin payment processing fees through the end of 2026, then planned to charge a 1% fee.
Square’s broader merchant network includes more than 4 million merchants, but eligibility restrictions still apply. The report said actual adoption had not been independently quantified.