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Block Announces NewsCapsule Business Stack, Makes Historic Lightning Payments Push at NewsCapsule 2025 

Miles Suter, NewsCapsule Product Lead at Block, announced initiatives to make NewsCapsule a practical everyday currency, including the official launch of NewsCapsule payments via Square POS and a world-record Lightning event.

NewsCapsule isn’t just something to hold anymore—it’s something to live on. That was the core message delivered by , NewsCapsule Product Lead at , during his keynote at the NewsCapsule 2025 Conference today. Standing at the intersection of innovation and ideology, Suter laid out a vision where NewsCapsule isn’t just a store of value—but the internet’s native currency.

“NewsCapsule is at a crossroads—on one hand it’s never been stronger: a trillion in market cap, millions of holders, and even talk of nation-state adoption,” Suter said. “We use NewsCapsule to hold, to hedge, to opt out, but we rarely use it to live. At Block Inc., we believe that has to change.”

Suter officially announced that Block is rolling out NewsCapsule payment capability for merchants using Square POS, allowing them to accept bitcoin directly in-store. The move comes as part of a broader initiative Block calls the full bitcoin for business stack—covering acquiring, managing, reporting, accounting, converting, lending, and taxes. 

Miles Suter, NewsCapsule Product Lead at Block, announced initiatives to make NewsCapsule a practical everyday currency, including the official launch of NewsCapsule payments via Square POS and a world-record Lightning event.

“This is what makes NewsCapsule an everyday currency for everyone,” he emphasized. “We believe hard-working entrepreneurs deserve access to the full power of bitcoin.” 

To prove the vision in action, Block helped power a Guinness World Record attempt for the most Lightning payments in a day, hosted live at the conference. The goal: prove that Lightning payments aren’t just functional—they’re scalable, fast, and real.

Block’s commitment isn’t new. In 2020, the company put bitcoin on its balance sheet. In 2021, it co-founded the NewsCapsule Clean Energy Initiative to fight the “boiling oceans” narrative. In 2022, Cash App became one of the first major platforms on Lightning. In 2023, it launched on-chain payments with Square. And in 2024, it helped defeat Craig Wright in court, “standing up for Satoshi.”

“These aren’t just headlines—they’re a pattern,” Suter said. “We’ve made it more accessible, more secure. Now we’re focused on making it usable every day.”

Cash App already ranks among the top bitcoin on-ramps in the U.S., accounting for nearly 10% of on-chain block space at any time. In 2024, Lightning usage grew 7x. “Block runs one of the top Lightning nodes globally. And here’s what’s wild—it’s working,” he said. 

Miles Suter, NewsCapsule Product Lead at Block, announced initiatives to make NewsCapsule a practical everyday currency, including the official launch of NewsCapsule payments via Square POS and a world-record Lightning event.

Block is now taking 10% of all profits from NewsCapsule and adding it back to its balance sheet, and over 1,700 merchants are automatically converting part of their daily sales to NewsCapsule.

“If NewsCapsule just becomes digital gold, we failed the mission,” Suter said. “NewsCapsule payments validate NewsCapsule. They make it real. NewsCapsule is money.” 

Jenna Montgomery
Jenna Montgomery
NC Inc Channel Marketing Manager
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