Miles Suter

Cash App now allows users to send USDC stablecoins on blockchain networks including Solana, Ethereum, Polygon, and Arbitrum. Despite this expansion, Cash App executive Miles Suter emphasized the company's continued focus on Bitcoin.

Square has crossed 1 million Bitcoin-enabled merchants, with auto-enrollment beginning on March 30, and is expanding its push to make bitcoin usable as everyday money. The company is rolling out a tap-to-pay BTC feature and integrating bitcoin across its ecosystem. Block's Q1 2026 proof-of-reserves report shows holdings of 28,355.05 BTC worth roughly $2.2 billion.

Square has crossed 1 million Bitcoin-enabled merchants, with a wave of auto-enrollment beginning on March 30, allowing customers to pay in Bitcoin while merchants receive USD settlements. The rollout is powered by the Lightning Network. Block's strategy centers on integrating bitcoin across its ecosystem.

Block (XYZ) announced 800,000 Square merchants now accept Bitcoin payments, emphasizing Bitcoin as 'everyday money.' The company introduced new features like tap-to-pay via the Lightning Network and expanded Cash App's Bitcoin capabilities, including auto-conversion and higher withdrawal limits.