Block Inc. (XYZ) Square has surpassed the threshold of approximately 1 million merchants accepting Bitcoin payments.
The numbers cited by members of Block’s team reflect a wave of automatic enrollment that began on March 30, when Square automatically turned on. $BTC Eligible US sellers will be paid by default.
At its peak pace, a new company was activating this feature every eight seconds. This deployment leverages the Lightning Network and enables near-instant payments while merchants receive USD by default, removing currency risk from the equation.
In other words, customers can pay with Bitcoin via Lightning, merchants can still accept USD payments, the system handles the conversion in the background, and merchants can opt out if they wish.
Bitcoin as everyday money
At the Bitcoin Conference in Las Vegas, Block outlined a growing effort to make Bitcoin available as everyday money, rather than just a long-term investment. Bitcoin product leader Miles Suter, who spoke on the Nakamoto stage, said: $BTC “We can’t just sit still, we have to circulate,” he said, arguing that cryptocurrencies will lose their transformative value if they don’t function as peer-to-peer cash.
Suter highlighted the block’s growing adoption metrics, revealing that at the time there were now more than 800,000 Square merchants. $BTC Auto-enrollment for payments is enabled. According to Suter, the numbers appear to be higher than that. According to Suter, a new company is enabling this feature every eight seconds. The company also offers tap-to-pay $BTC Powered by NFC hardware and the Lightning Network, it eliminates the need for QR codes and zero processing fees until 2026.
The company’s broader strategy is focused on integrating Bitcoin across the ecosystem. Cash App users can now automatically convert peer-to-peer payments. $BTCearn 5% Bitcoin Back rewards at Square merchants and withdraw up to $10,000 per day and $25,000 per week.
Block also introduced the latest Bitkey hardware wallet with a touch screen and 2-of-3 multisig security model designed to simplify self-custody.
In parallel with the product announcement, Block released its 2026 Q1 Reserve Proof Report showing holdings of $28,355.05. $BTC Equivalent to approximately $2.2 billion.
The post Square hits 1 million Bitcoin-enabled sellers as real-world adoption continues to grow, originally appeared on Bitcoin Magazine and was written by Micah Zimmerman.
