Square, the payment platform owned by Jack Dorsey’s Company Block (XYZ) earns a yield of 9.7% in its handling Bitcoin by running a node on the lightning network.
Bitcoin’s Bitcoin product leading Miles Suter said the firm earns “real Bitcoin returns from our corporate handling … by the great repayment of real payments throughout the lightning network,” in a look at Bitcoin 2025 in Las Vegas on Wednesday.
The yield is achieved by Square’s Lightning Service Provider C =, created two years ago To improve liquidity and lightning efficiency.
Lightning Labs’ Ryan Gentry referred to Suter’s announcement as “The Biggest News” in Bitcoin 2025 In a post on xIt is estimated that the 9.7% yield of square equals nearly $ 1 million a year.
For many years, the Bitcoin Layer-2 Network Lightning has been named as the savior of BTC scale and speed problems by creating micropayment channels that can process transactions away from the main blockchain.
Over time even some of these hopes have faded due to lightning mistakes, As required for incoming liquiditywhich users should effectively create BTC to receive BTC. The adoption of smaller scale nodes may hinder, which is a hindrance to decentralization.
However, Square sees Layer-2 as primary in its plans to accelerate BTC payment adoption, with one of four Bitcoin payments now processed with lightning, Suter said onstage in Las Vegas.
The company is The pilot of lightning-based payments in Bitcoin 2025 with plans for a selouting to all the eligible square sellers in 2026.
“When you enable real payments by making. Faster and more convenient, the network will be stronger, smarter and more useful,” Suter said.
“So if you’re wondering if Bitcoin is still a owner, the answer is no. It’s a possession and a protocol and now the block is leading the effort to make it the best payment system in the world.”
