The Blockspace Podcast: Did Jack Dorsey Fix The Bitcoin Merchant Problem?

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4.8 • 689 Ratings

🗓️ 16 November 2025

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

Cash App & Square roll out Bitcoin payments at 4M+ merchants. Jack Dorsey leverages Lightning Network to compete with Visa/credit card fees. Plus: the controversial Bitcoin denomination change that's dividing the community. We break down Jack Dorsey's massive Bitcoin rollout across Cash App and Square—4M merchants can now accept BTC payments via Lightning and mainnet. We explore how Bitcoin rails are undercutting Visa/Amex fees, the Strike-style settlement strategy, and the controversial BIP 177 denomination debate. Subscribe to the newsletter! https://newsletter.blockspacemedia.com **Notes:** • 4M Square merchants now accept Bitcoin payments • Credit card fees range from 2-6% per transaction • Cash App uses Lightning Network for settlements • BIP 177 proposes renaming Satoshis to Bitcoins • 100M Satoshis equal one Bitcoin • Jack Dorsey owns Block, Square, and Cash App Timestamps: 00:00 Start 00:46 CashApp & Square updates overview 03:52 Bitcoin rails 09:36 Network effects 13:59 150 features 21:08 Bits are BACK - 👋The Blockspace Podcast is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? [email protected]

Transcript

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0:00.0	You can now pay with Bitcoin at up to 4 million merchants.
0:04.4	Yes, that is correct.
0:06.1	You heard it, right square.
0:08.0	One of the most popular point of sale platforms just rolled out Bitcoin payments.
0:14.3	That means you can pay at your bodega at your little grocery store,
0:18.3	at your favorite arch and craft store with Bitcoin.
0:21.8	Jack Dorsey owns this company.
0:24.0	He also owns Cashap.
0:26.0	Yes, the NeoBank FinTech company.
0:28.7	There is a lot of stuff that happened this week in the Cashap ecosystem.
0:32.3	Jack Dorsey is pushing Bitcoin along.
0:34.4	And there's also a couple little controversies.
0:38.9	Let's talk about them.
0:45.9	So Charlie, what's crazy about this rollout with the 4 million stores where I can
0:52.8	now accept Bitcoin, you could also pay in Bitcoin without even knowing it at anywhere that accepts Cash App now
0:59.7	with this feature where you can pay in USD,
1:03.3	but Cash App makes the payment on the backend on the Bitcoin network,
1:07.3	either on Lightning or on the main net.
1:09.6	And we'll talk about the implications of that in a little bit, but a really massive update
1:14.6	from Cash App, a part of a slew of other updates, some of which are not Bitcoin related
1:18.6	and some of which are not crypto related either.
1:20.8	We won't really touch on those as much.
	...

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