Jack Dorsey's payments company Square has enabled Bitcoin Lightning Network payments for its merchants, allowing approximately 4 million sellers to accept Bitcoin starting July 22, 2025. This development marks a notable expansion in cryptocurrency adoption among Square's merchant base. Following Square's move, PayPal announced on July 28, 2025, the rollout of a new 'Pay with Crypto' feature that enables over 36 million US merchants to accept payments in more than 100 cryptocurrencies, including Bitcoin. PayPal's service supports instant conversion from crypto to stablecoins or fiat currency and integrates with wallets such as Coinbase and MetaMask. Additionally, PayPal highlighted that this new crypto payment system reduces international transaction fees by up to 90%, aiming to facilitate more cost-effective cross-border payments. The company’s 435 million active users worldwide now have access to this feature, representing about 5% of the global population. These moves by Square and PayPal signify a growing mainstream acceptance of cryptocurrency payments in the merchant services industry.