Dorsey has previously stated that Bitcoin's relevance depends on its use for everyday transactions, citing the original Bitcoin whitepaper as a foundation for his belief.

Square is planning to introduce a Bitcoin checkout option for its sellers, as announced by Dorsey on social media.

Bitcoin was valued at approximately $115,364 at the time of reporting, experiencing a slight decrease of 0.68% over 24 hours, while Block's stock increased slightly in pre-market trading, reflecting investor interest.

Jack Dorsey, CEO of Block Inc., is encouraging merchants using Square to test a new Bitcoin payment feature, emphasizing its potential to facilitate daily transactions.

Block announced plans in May to develop Bitcoin payments via the Lightning Network, aiming for a rollout in the second half of 2025 and full adoption by 2026.

This Bitcoin payment feature, built using the Lightning Network, is intended to make Bitcoin more practical for daily use and will be available to all eligible Square merchants by 2026.

Dorsey expressed enthusiasm for the initiative, encouraging local sellers to participate and highlighting the support of a dedicated, world-class team.

This initiative aligns with Square's broader efforts to expand its cryptocurrency services beyond just Bitcoin trading features.

Following positive market performance, Block's shares closed higher at $74.63 on Monday.