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Block launches Tap-to-Pay Bitcoin payments, aiming to challenge Apple
CryptoWorld News reports that Block is accelerating its efforts to make Bitcoin a daily currency. Product lead Miles Suter revealed new payment, rewards, and self-custody tools at the Bitcoin 2026 conference, and also presented proof of a $2.2 billion Bitcoin reserve. Suter emphasized that Bitcoin must circulate, not merely sit idle. He said that if Bitcoin cannot operate as peer-to-peer cash, it loses its transformative quality. Block also announced that more than 808,000 merchants currently accept Bitcoin payments, and that each new business will activate this capability every 8 seconds. In addition, Block has launched a Tap-to-Pay Bitcoin payment feature, aiming to make Bitcoin payments at the point of sale as seamless as Apple Pay. The system uses NFC hardware and the Lightning Network for settlement, requires no QR codes, and will waive processing fees before 2026.