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Yahoo
18 hours ago
- Business
- Yahoo
Jack Dorsey's Block Tests Square Terminal Bitcoin Payments At Bitcoin 2025 Plans Full Rollout In H2
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Block is set to allow businesses to receive Bitcoin payments via its Square point-of-sale terminals. The new feature builds on its Bitcoin Conversions feature, which launched in 2024. It is not the first time Block has introduced a feature that allows merchants to accept Bitcoin payments. Twitter co-founder and Block (NYSE:XYZ) CEO Jack Dorsey said that Bitcoin fails if it is not used in everyday payments. Fast forward a month later, the Bitcoin proponent is putting his money where his mouth is. Block saidTuesday that it is set to allow businesses to receive Bitcoin payments via its Square point-of-sale terminals. The firm said the feature was currently being demonstrated at Bitcoin 2025 in Las Vegas at the BTC Inc. merchandise store. A full rollout of the feature will commence in the second half of the year and be completed for all eligible merchants by 2026, subject to relevant regulatory approvals, Block said. Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . Block said the new feature builds on its Bitcoin Conversions feature, which launched in 2024, which allows merchants to convert a part of their sales to Bitcoin. The feature leverages the Lightning Network for near-instant settlement and will allow customers to make Bitcoin payments by simply scanning a QR code at checkout, Block said. Meanwhile, merchants will be able to choose whether to hold the received Bitcoin or have it automatically converted to fiat currency in real time, according to the firm. 'Block has long been a champion of bitcoin, focused on making it more accessible and usable in our everyday lives,' Block Bitcoin Product Lead Miles Suter said in the company's announcement. 'Rolling out a native bitcoin experience to millions of sellers brings us one step closer to that goal.' According to Suter, the feature would enable businesses to receive payment faster and retain a greater portion of their revenue. Trending: New to crypto? on Coinbase. It is not the first time Block has introduced a feature that allows merchants to accept Bitcoin payments. The firm first enabled direct Bitcoin payments for its online sellers in 2014. Dorsey said last month, however, 'zero buyers used it.' Going into the recent reintroduction of the feature, he said he is also not overly optimistic about significant adoption. 'I don't think this time around usage will be much. I hope I'm wrong,' Dorsey said. 'We're building something for people that *may* want to spend their bitcoin, in a cycle where people may not actually want to spend their bitcoin because it's going up so much.' Dorsey noted that for him, unlocking Bitcoin payments was a matter of principle. 'We're going to try again on principle and see what happens. i want bitcoin to become the native currency of the internet above all else,' he said. Dorsey's obsession with Bitcoin payments stems from the title of the cryptocurrency's white paper, which describes Bitcoin as 'a peer-to-peer electronic cash system.' He has also said Bitcoin becomes irrelevant if it fails to become more than just a store of value. Read Next: A must-have for all crypto enthusiasts: . Image: Shutterstock Send To MSN: 0 This article Jack Dorsey's Block Tests Square Terminal Bitcoin Payments At Bitcoin 2025 Plans Full Rollout In H2 originally appeared on
CNBC
12-05-2025
- Business
- CNBC
Bitcoin retreats as U.S. and China agree to pause some tariffs: CNBC Crypto World
On today's episode of CNBC Crypto World, bitcoin slips from its recent highs even after the U.S. and China agree to temporarily halt some tariffs. Plus, American Bitcoin, the bitcoin mining company backed by the president's eldest sons, reaches a deal to go public. And, David Bailey of BTC Inc. discusses the deal his bitcoin holding company, Nakamoto, made with health care firm KindlyMD.
Business Mayor
07-05-2025
- Business
- Business Mayor
Bitcoin Conference Aims to Set GUINNESS WORLD RECORDS for Bitcoin Payments
BTC Inc, parent company of Bitcoin Magazine and The Bitcoin Conference, is putting Bitcoin to the ultimate test at this year's Bitcoin 2025 conference with an official attempt to break the GUINNESS WORLD RECORDS® title for the Most Bitcoin Point of Sale Transactions in 8 Hours. The attempt will take place live during the conference at the Venetian Conference Center in Las Vegas from May 27–29, 2025. To make this possible, BTC Inc will issue 4,000 Lightning-ready Bolt Cards to attendees. The cards use tap-to-pay functionality and feature four limited-edition designs, each honoring a major figure in Bitcoin history and advocacy: Senator Cynthia Lummis, Michael Saylor, Satoshi Nakamoto, and Jack Dorsey. Each attendee will receive a randomly assigned design, making the cards both functional and collectible. 'Bitcoin 2025 is an opportunity for the community to demonstrate Bitcoin's real-world functionality as a medium of exchange,' said Didier Lewis, Chief Financial Officer of BTC Inc. 'The Bolt Card is a key part of this experience, offering attendees an easy way to make purchases using Bitcoin. By enabling direct, contactless payments across the event, we aim to showcase Bitcoin's readiness as a modern and practical currency.' To assist transactions and user experience, the event will feature on-site activations including the Official Bitcoin Magazine Store. Located at the conference entrance, the store will sell Bitcoin-themed merchandise, including hardware wallets, apparel, books, and exclusive art. Every item will be available at a 21% discount when paid for in Bitcoin via the Lightning Network—a nod to Bitcoin's hard cap of 21 million coins. This record-setting attempt comes as the Lightning Network continues to scale and mature, offering the kind of instant, low-fee transactions that make BTC usable for everyday spending. By integrating Lightning deeply into the conference experience, Bitcoin 2025 will highlight the protocol's growing potential for real-world commerce. With over 30,000 attendees, 300+ exhibitors, and 500+ speakers expected, Bitcoin 2025 won't just be the biggest Bitcoin event of the year—it could be the most transactional, too.
Mid East Info
08-04-2025
- Business
- Mid East Info
Second edition of Bitcoin MENA set to take place at ADNEC Centre Abu Dhabi in December - Middle East Business News and Information
Building on the landmark success of the inaugural Bitcoin MENA conference in December 2024, ADNEC Group & BTC Inc Group today announced the return of Bitcoin MENA to Abu Dhabi for a second edition, set to take place on December 8-9, 2025. Scheduled to open the day after the Abu Dhabi Formula One Grand Prix, the event will once again take over the Marina Hall at ADNEC Centre — this time with expanded exhibition space, an enhanced outdoor area, world class speakers and premium networking experiences, including yachts berthed at the venue. The 2024 debut established Bitcoin MENA as the premier Bitcoin gathering in the Middle East and North Africa, bringing together influential voices from government, business, and finance. Attracting over 10,000 visitors, 190 speakers, 100 exhibitors, and 500 brands. The last year's headline speakers included Eric Trump, Executive Vice President of the Trump Organization; Prince Filip of Serbia; Saifedean Ammous, author of The Bitcoin Standard ; Abdulla Al Dhaheri of the Blockchain Centre Abu Dhabi; Paul Manafort, Former Campaign Manager for Trump 2016; and Steve Witkoff, Special Envoy to the Middle East under the Trump Administration. Humaid Al Dhaheri, Managing Director and Group CEO of ADNEC Group, said: 'The return of Bitcoin MENA to ADNEC Centre Abu Dhabi reflects the city's growing influence as a global destination for digital asset dialogue and innovation. This event is a strategic addition to our dynamic calendar, reinforcing ADNEC Group's role in convening cutting-edge conversations and fostering meaningful partnerships across emerging industries. As we expand the platform in 2025, we look forward to supporting BTC Inc. in delivering an even more impactful edition that connects global visionaries with the region's forward-thinking ecosystem.' 'The Middle East is rapidly becoming a center of gravity for Bitcoin adoption and policy innovation,' said David Bailey, CEO of BTC Inc. 'The response to last year's event was overwhelming. In 2025, we're scaling everything — from speaker programming and exhibition space to VIP experiences and side events — to match the global importance of this region.' New features for Bitcoin MENA 2025 include: Expanded Exhibit Hall: A larger footprint will accommodate more companies, startups, and activations, showcasing the latest in Bitcoin infrastructure, mining, financial services, and software. Enhanced Outdoor Activation Zone: A redesigned open-air space optimized for networking, live content, food, and cultural programming. Strategic Timing: The conference opens the day after the Abu Dhabi Grand Prix, offering international visitors an unparalleled experience at the intersection of sport, technology, and finance. Elevated Side Events: A curated calendar of receptions, workshops, and satellite events will surround the main program, creating opportunities for deeper engagement across the Bitcoin ecosystem. With the UAE's zero VAT on Bitcoin transactions and ongoing government support for digital asset innovation, Abu Dhabi has quickly emerged as a pivotal node in Bitcoin's global expansion. Bitcoin MENA 2025 is set to reflect and accelerate that momentum. About The Bitcoin Conference: The Bitcoin Conference, organized by BTC Media (parent company of Bitcoin Magazine), is a global event series featuring notable industry speakers, policymakers, workshops, exhibitions, and entertainment. These events serve as vital platforms for Bitcoin industry leaders, developers, investors, and enthusiasts to gather, network, and exchange ideas. The flagship event took place in Nashville, Tennessee, in 2024, and Bitcoin 2025 is scheduled to be held in Las Vegas in May 2025. Its international events include Bitcoin Asia (Hong Kong, August 2025), Bitcoin Amsterdam (2025 TBD), and Bitcoin MENA (Abu Dhabi, 2025 TBD). About ADNEC Group: ADNEC Group, part of Modon Holding, is renowned for its rich legacy and diverse business operations, stands as a formidable force in global business and leisure tourism. The Group is a leader in managing and developing international strategic assets and contributes to the sustainable growth of Abu Dhabi's economy. ADNEC Group's diverse business clusters span Venues, Events, Hotels, F&B, Services, Tourism and Media. The Group operates the ADNEC Centre Abu Dhabi, the largest event venue in the MENA region, ADNEC Centre Al Ain, the Business Design Centre and ExCeL London in the United Kingdom. Capital Events, the events management arm of ADNEC Group, is the leading organiser of some of the world's most iconic events across strategic industry sectors including Defence and Security, Maritime Lifestyle, Media, Food & Beverage and Technology. Through its growing portfolio, Capital Events plays a crucial role in supporting Abu Dhabi to achieve its growth objectives as a global hub for business and leisure tourism.
Al Etihad
07-04-2025
- Business
- Al Etihad
Abu Dhabi to host 2nd edition of Bitcoin MENA in December
7 Apr 2025 16:11 ABU DHABI (WAM)Building on the landmark success of the inaugural Bitcoin MENA conference in December 2024, ADNEC Group & BTC Inc Group on Monday announced the return of Bitcoin MENA to Abu Dhabi for a second edition, set to take place on December 8-9, to open the day after the Abu Dhabi Formula One Grand Prix, the event will once again take over the Marina Hall at ADNEC Centre — this time with expanded exhibition space, an enhanced outdoor area, world-class speakers and premium networking experiences, including yachts berthed at the 2024 debut established Bitcoin MENA as the premier Bitcoin gathering in the Middle East and North Africa, bringing together influential voices from government, business, and finance. It attracts over 10,000 visitors, 190 speakers, 100 exhibitors, and 500 last year's headline speakers included Eric Trump, Executive Vice President of the Trump Organisation; Prince Filip of Serbia; Saifedean Ammous, author of The Bitcoin Standard; Abdulla Al Dhaheri of the Blockchain Centre Abu Dhabi; Paul Manafort, Former Campaign Manager for Trump 2016; and Steve Witkoff, Special Envoy to the Middle East under the Trump Al Dhaheri, Managing Director and Group CEO of ADNEC Group, said, 'The return of Bitcoin MENA to ADNEC Centre Abu Dhabi reflects the city's growing influence as a global destination for digital asset dialogue and event is a strategic addition to our dynamic calendar, reinforcing ADNEC Group's role in convening cutting-edge conversations and fostering meaningful partnerships across emerging industries. As we expand the platform in 2025, we look forward to supporting BTC Inc. in delivering an even more impactful edition that connects global visionaries with the region's forward-thinking ecosystem.''The Middle East is rapidly becoming a centre of gravity for Bitcoin adoption and policy innovation,' said David Bailey, CEO of BTC Inc. 'The response to last year's event was overwhelming. In 2025, we're scaling everything — from speaker programming and exhibition space to VIP experiences and side events — to match the global importance of this region.' New features for Bitcoin MENA 2025 include: Expanded Exhibit Hall: A larger footprint will accommodate more companies, startups, and activations, showcasing the latest in Bitcoin infrastructure, mining, financial services, and Outdoor Activation Zone: A redesigned open-air space optimized for networking, live content, food, and cultural Timing: The conference opens the day after the Abu Dhabi Grand Prix, offering international visitors an unparalleled experience at the intersection of sport, technology, and Side Events: A curated calendar of receptions, workshops, and satellite events will surround the main program, creating opportunities for deeper engagement across the Bitcoin ecosystem. With the UAE's zero VAT on Bitcoin transactions and ongoing government support for digital asset innovation, Abu Dhabi has quickly emerged as a pivotal node in Bitcoin's global expansion. Bitcoin MENA 2025 is set to reflect and accelerate that momentum.
