Block Unveils New Bitcoin Initiatives Across Platforms

Block has introduced a series of new bitcoin products across its Bitkey, Cash App, and Square platforms. According to NS3.AI, one of the key features is a 5% Bitcoin Back program available on eligible purchases made with Square merchants. Additionally, Cash App has increased its bitcoin withdrawal limits to $10,000 per day and $25,000 per week. Block has also implemented a Proof of Reserves system, allowing the public to verify bitcoin balances for its corporate treasury and customer holdings across Cash App and Square. Looking ahead, the company plans to showcase NFC tap-to-pay bitcoin transactions on Square at the Bitcoin Las Vegas 2026 event, with zero processing fees through 2026.