keneci
News • Science & Tech • Comedy
Block Inc. Launches Bitcoin Payments For Square Merchants: Jack Dorsey
November 10, 2025
post photo preview

Jack Dorsey’s Block Inc. has officially launched Bitcoin payment capabilities for over 4 million Square merchants worldwide, enabling instant, fee-free transactions until 2027.

The rollout, announced by Dorsey on X, allows merchants to accept Bitcoin directly through their Square dashboard, with options to settle in Bitcoin or fiat currency, and includes an auto-conversion tool for up to half of daily revenue.

Merchants can now accept Bitcoin via QR code at checkout, with no additional hardware required, as the system integrates with existing Square point-of-sale terminals.

A map of all global merchants that accept Bitcoin, including those using Bitcoin Square, can be found inside Cash App as well.

This marks a significant step in integrating Bitcoin into mainstream commerce, leveraging the Bitcoin blockchain and Lightning Network for fast, secure, and transparent settlements.

"Our sellers can now receive btc to btc, btc to fiat, fiat to btc, or fiat to fiat," Dorsey announced on X.

“Square Bitcoin is the first fully integrated Bitcoin payments and wallet solution for businesses that will enable sellers to accept Bitcoin payments and automatically convert sales into Bitcoin,” he wrote in his firm’s third-quarter shareholder letter.

The zero-fee period until 2027 is a strategic move to encourage adoption, after which a 1% fee will be introduced—significantly lower than typical credit card processing fees of 2.5% to 3.5%.

The feature was first announced in May 2025 at the Bitcoin 2025 conference, where Block demonstrated Bitcoin payments at a merchandise store using the Lightning Network.

“We’re making Bitcoin payments as seamless as card payments while giving small businesses access to financial management tools that, until now, have been exclusive to the largest corporations,” said Block’s Head of Bitcoin Product Miles Suter, in an October statement announcing the product.

“Through Square and Cash App, we serve both sides of the counter, meaning Square is uniquely positioned to make Bitcoin everyday money, not just a store of value—while also helping sellers future-proof their operations,” he added.

As part of that push, Dorsey has been calling for a de minimis tax exemption on everyday Bitcoin transactions after a legislative effort fell short months ago. In other words, the Block CEO and X co-founder is hoping American users will not need to report small crypto transactions as capital gains.

Block Inc. has released other Bitcoin products as well. Last year, it launched a self-custody hardware wallet called BitKey, and its Cash App—a Venmo or PayPal rival—allows users to buy, sell, and transfer Bitcoin. The company has also expanded its Bitcoin infrastructure, including ownership of over 8,000 BTC, reinforcing its long-term vision of making Bitcoin "everyday money."

Despite mixed third-quarter earnings—$0.54 per share, below analyst forecasts—Square’s gross payment volume grew 12% year-over-year, indicating strong merchant adoption.

The launch coincides with Bitcoin trading around $105,000, reflecting growing institutional confidence in its role within global finance. Shares of Block (XYZ) are up about 0.5% on Monday, changing hands at $65.80. Bitcoin has gained about 1.7% in the last 24 hours, now trading at $105,456.

community logo
Join the keneci Community
To read more articles like this, sign up and join my community today
0
What else you may like…
Videos
Posts
Articles
SpaceX Starlink Internet Satellites

With Starlink internet, data is continuously being sent between a ground dish and a Starlink satellite orbiting 550km above. Furthermore, the Starlink satellite zooms across the sky at 27,000 km/hr! MORE VIDEOS ON KENECI NETWORK RUMBLE CHANNEL: https://rumble.com/c/Keneci

00:28:08
Elon Musk, DOGE Speak On Waste And Fraud

US Department of Government Efficiency Services (USDS) led by Elon Musk speak on the "mind-boggling" fraud and waste in UInited States federal government

00:00:45
January 17, 2025
SpaceX Launches Starship 7th Test Flight

SpaceX successfully executed its second-ever “chopsticks” catch of a Super Heavy booster (or Booster 14) using the “Mechazilla” launch tower on Thursday(Jan. 16), during the seventh uncrewed test flight of the company's 123-meter Starship rocket. However, the megarocket's upper stage(or Ship 33) was lost approximately 8.5 minutes into the flight in a “rapid unscheduled disassembly(RUD)” or explosion

00:10:30
Welcome to Keneci Network!

Join the conversations!

December 09, 2025
Bitcoin White Paper By Satoshi Nakamoto

Bitcoin white paper

Bitcoin_White_Paper.pdf
September 17, 2024
Charges Against Sean 'Diddy' Combs In Grand Jury Indictment

The rapper was charged with racketeering conspiracy, sex trafficking by force, fraud or coercion, and transportation to engage in prostitution in the indictment unsealed Tuesday(Sept. 17)

Combs-Indictment-24-Cr.-542.pdf
post photo preview
U.S. Bars EU Censorship Officials From Entering The Country

The U.S. State Department, under Secretary of State Marco Rubio, has imposed visa restrictions barring five Europeans from entering the United States, accusing them of leading efforts to pressure American tech firms to censor or suppress American viewpoints online.

The move announced Tuesday, is part of a broader President Trump administration campaign against foreign influence over online speech, using immigration law rather than platform regulations or sanctions.

The targeted individuals include former European Union Commissioner Thierry Breton, leaders of German anti-hate group HateAid, and heads of organizations focused on so-called disinformation and digital hate

Breton, former EU Commissioner for Digital Affairs, was sanctioned for his role in enforcing the EU’s Digital Services Act (DSA), which has clashed with tech companies like Elon Musk’s X. He previously sent a letter to Musk demanding compliance with the DSA ahead of a Trump interview.

Imran Ahmed, CEO of the Centre for Countering Digital Hate, was targeted for his organization’s 2022 “Disinformation Dozen” report, which highlighted anti-vaccine figures including Robert F. Kennedy Jr.

Clare Melford, CEO of the Global Disinformation Index, was sanctioned for allegedly using U.S. taxpayer funds to advocate for censorship and blacklisting of American speech.

Josephine Ballon and Anna-Lena von Hodenberg, leaders of HateAid, were sanctioned for their ostensible work combating so-called online hate and disinformation, with the group calling the U.S. actions an “authoritarian attack on free speech.”

The State Department cited these individuals as part of a “global censorship-industrial complex” that advances foreign government censorship campaigns targeting American speakers and companies.

The sanctions are based on a visa policy announced in May 2025 that restricts entry for foreigners deemed responsible for censorship of protected speech in the U.S. The Department of Homeland Security may initiate removal proceedings against those already in the country.

The move follows a broader trend of U.S. officials, including Vice President JD Vance, criticizing European nations for censorship, particularly over content related to the Covid-19 lab leak theory and other political topics.

The EU has not yet responded publicly to the sanctions, but European officials have expressed concern over the U.S. actions undermining European sovereignty.

The U.S. has also previously targeted visitors from certain African and Middle Eastern countries and the Palestinian Authority with similar visa restrictions.

Read full Article
December 23, 2025
post photo preview
Spotify Music Library Scraped, Released Online By Activist Pirate Group: 86M Files

A pirate activist group known as Anna’s Archive has claimed to have scraped and begun releasing a massive archive of Spotify’s music catalog, asserting it has backed up nearly all of the platform’s most popular tracks. As of Tuesday. Spotify has confirmed the breach.

Anna’s Archive claims to have scraped 86 million audio files from Spotify, representing approximately 99.6% of total listens on the platform, with the entire archive totaling around 300 terabytes in size.

The archive includes metadata for 256 million tracks—covering an estimated 99.9% of Spotify’s catalog—already released via torrent, with the actual music files planned for future release in order of popularity. The group has also indicated that individual file downloads may be added if there is sufficient demand.

The group states this constitutes the “world’s first preservation archive” for music, prioritizing tracks by popularity and aiming to protect humanity’s musical heritage from potential loss due to disasters or corporate decisions.

The full release of the music torrents are expected to in the coming days, organized by popularity and quality—160 kbit/s for popular tracks and 75 kbit/s for less popular ones to conserve space.

Spotify has confirmed the incident and stated that it has identified and disabled the user accounts involved in the unlawful scraping. The company emphasized its ongoing commitment to protecting artists and rights holders, noting it has implemented new safeguards against such anti-copyright attacks, and is actively monitoring for suspicious behavior.

Anna’s Archive, known for its shadow library of books and academic papers, frames the action as a preservation effort rather than pure piracy, arguing that existing digital archives are overly focused on popular content and high-quality files. The group acknowledges that Spotify does not contain all music ever produced but considers it a strong starting point.

AAzXCkfWc740EhWPlYCMNUZkGJP8PAD5DrEtONI1CfVGSXmgrEn2PR7fWdNTJrth7VKqH4i-ejSTRQ0FJERrH45Gwm2TR75ygt8uakl5zWQIq8dqCWZI2KuIpqaHuA8_i1oCdS8bsYVdOQWBABQirIwGO8-WG5h3k8apU2AAj63qqbgnXOZzUlTfBnf4D-WUvP3wNk-BlA410fjnn4f0gG8l4FGCPq5uu-E5eKNV=w1280
AAzXCkdoVIcnt0jcwVHxWv3dw8Sp_fn6sfxMtHBfOEaEK8KzaxMVRK6mhEyWdj1ghDiUU502g4Dhl2DNxwUa9h4Pbfm7_xaFOWF8xNaS-RWumg4pTBKZ0KpotNVNeLlqgnE9fzO5dts3_VKjpFr8SiIcArtGQVpM8eLCiNCx5EKTH3Mk0_kiC6v1D44tn1aBRscN4IarcFPVMxwdm7Z3OEX8V7Oztl6TFivNS-fKn68=w1280

The breach raises concerns about the potential use of the 300TB dataset to train AI models without consent, a growing ethical and legal issue in the tech industry. The group’s actions also highlight vulnerabilities in how public metadata and DRM can be exploited to access copyrighted content at scale.

Read full Article
December 23, 2025
post photo preview
China Builds EUV Prototype Machine To Challenge Western Advanced Chipmaking Dominance

China has completed a prototype extreme ultraviolet (EUV) lithography machine in a high-security Shenzhen laboratory, marking a major milestone in its drive for semiconductor independence through a state-led 'Manhattan Project-style' initiative.

The machine, operational since early 2025 and now undergoing testing, was built by a team of former ASML(Advanced Semiconductor Materials Lithography) Holding engineers like Lin Nan, who filed key patents. They reverse-engineered the Dutch company’s technology, using parts from older ASML systems and secondary markets to circumvent Western export controls.

While the prototype successfully generates EUV light, it has not yet produced functional chips, with analysts estimating a realistic timeline for working chip production between 2030 and 2035, despite an official government target of 2028.

The project, launched as a six-year national effort under President Xi Jinping’s strategic priorities, is coordinated by Huawei and overseen by Ding Xuexiang, a close confidant of Xi and head of the Central Science and Technology Commission.

Former ASML engineers were recruited with substantial incentives, including signing bonuses of up to $700,000, and worked under aliases with false identification cards to maintain secrecy.

The prototype occupies nearly an entire factory floor and is operated within a highly isolated, secure compound where staff often sleep on-site, with strict communication restrictions and surveillance.

Despite ASML CEO Christophe Fouquet’s public statements in 2024 and 2025 that China would need "many, many years" to develop EUV capability, the existence of the prototype suggests Beijing’s timeline may be accelerating significantly.

While the Chinese machine’s light generation is confirmed, major technical hurdles remain, particularly in replicating the precision optical systems—such as specialized mirrors from Germany’s Zeiss—that are critical for high-volume, reliable chip manufacturing.

The breakthrough challenges long-standing U.S.-led export controls that have barred China from acquiring advanced EUV systems since 2018, with the Biden administration expanding restrictions in 2022.

The ultimate goal, as stated by sources, is to produce advanced chips on entirely China-made machines and to fully remove U.S. influence from its semiconductor supply chains.

Advanced chip manufacturing machine generates extreme ultraviolet light to etch tiny circuits for AI, smartphones, and military systems—tech once monopolized by ASML

Read full Article
See More
Available on mobile and TV devices
google store google store app store app store
google store google store app tv store app tv store amazon store amazon store roku store roku store
Powered by Locals