A Square-powered bitcoin checkout is now live on the Vegas Strip, where Bitcoin 2025 attendees can scan and pay for merch in seconds using the Lightning Network.
Miles Suter
LAS VEGAS — Jack Dorsey’s latest bitcoin vision is hitting the checkout counter — starting with a merch truck parked just off the casino floor inside The Venetian.
This week at Bitcoin 2025, Square is piloting real-time bitcoin payments, letting attendees scan and spend crypto for T-shirts, hoodies, and hats at the BTC Inc. pop-up store. The system runs on Lightning, which settles transactions off the main blockchain and is faster and cheaper than traditional processing methods.
When customers scan the QR code at checkout, Square handles things behind the scenes, including real-time exchange rates and confirmation.
The Tuesday launch marks the public debut of Block‘s most ambitious move yet to make bitcoin “everyday money” — a pilot that’s expected to expand from the Vegas Strip to millions of merchants around the world.
Behind it all is Miles Suter, a longtime product leader at Block, who flew in early to oversee setup with his team.
Miles Suter, Bitcoin Product Lead at Block, helped oversee setup of the new Square bitcoin checkout — a pilot he calls a “significant milestone” in making bitcoin more accessible and usable.
Miles Suter
Suter joined the company in 2017, when Cash App’s bitcoin integration was still a hackweek experiment.
“They needed someone with deep familiarity with bitcoin and the community,” he said, calling himself “an early evangelist.”
Eight years later, he’s helping “connect the Blocks” — working across Cash App, Spiral, Bitkey, and Square to embed bitcoin into every layer of the company’s ecosystem. The Square rollout, he says, is a natural next step.
Block expects to begin offering bitcoin payments to eligible Square sellers later this year, with full availability targeted for 2026, pending regulatory approval.
The launch comes as bitcoin trades near all-time highs, a surge driven largely by the “digital gold” narrative that positions it as a long-term store of value rather than a day-to-day medium of exchange.
At the same time, stablecoin legislation is advancing in Congress, and more fintech giants are aligning behind tokenized dollars.
Block is taking a different path — one that centers on bitcoin.
Suter said the company’s strategy is rooted in the belief that a decentralized, permissionless currency remains critical to the future of the internet — and that bitcoin is still the best candidate to fill that role.
Asked about the lingering perception that bitcoin is better suited for holding than spending, Suter pointed to a familiar pattern. When Cash App first introduced bitcoin trading, he said, it was met with hesitation and doubt.
“But again, somebody’s got to be first,” he said. “And we feel like we have the right DNA to push things forward.”
Inside The Venetian, Block is testing real-time bitcoin payments at the BTC Inc. pop-up store — the company’s boldest move yet to bring the digital asset to everyday retail.
Miles Suter
He called the new Square rollout “a really significant milestone” in Block’s broader mission to make bitcoin more accessible and usable.
The product builds on Square’s “Bitcoin Conversions” tool, launched last year, which lets merchants automatically convert a portion of their daily sales into bitcoin. Block says it has rolled out the feature to more than 1,000 sellers so far — and those who opted in have seen their bitcoin holdings grow by roughly 70% over the past year.
This latest feature goes a step further, enabling sellers to accept bitcoin directly at the point of sale.
For businesses that don’t want to hold bitcoin, there’s no exposure risk. Payments can be instantly converted to dollars.
“If you just want to have it as another payment method — like Amex, MasterCard, or Visa — bitcoin is now potentially another option for you,” Suter said.
For those that do want to hold it, Block is building out what Suter calls a “Bitcoin for Business” stack — a full suite of tools to accept, convert, manage, and self-custody bitcoin.
“If you do want to accept it as bitcoin,” he said, “we give you a full suite of products to manage that as you see fit. That means being able to convert your daily sales, buy and sell from your U.S. dollar balance into bitcoin, and withdraw to self-custody at any time. It’s about giving our merchants more options and making sure they never miss a sale.”
Jack Dorsey’s Block is piloting bitcoin payments at Bitcoin 2025, turning a merch truck into a live Lightning-enabled checkout experience.
Miles Suter
The announcement comes amid renewed attention on corporate bitcoin strategy, as some publicly traded firms adopt the cryptocurrency as a treasury reserve asset. But Block is targeting a different segment of the market.
“There’s a lot of talk about corporate bitcoin right now,” Suter said. “But like we did on Cash App — which is very much about the little guy and bringing accessibility to everyone — we want small and medium-sized merchants to also be able to get the benefits of bitcoin.”
While Block hasn’t released specific metrics yet, Suter said merchants who participated in the Bitcoin Conversions pilot have all profited. “Every single seller is in the money and has made money based on converting a certain percentage of their daily sales,” he said.
Square’s bitcoin push joins a broader ecosystem at Block that includes Bitkey, its self-custody wallet; Proto, a line of bitcoin mining hardware and software; Spiral, its open-source development arm; and Cash App’s bitcoin trading functionality.
“We’re focused on making bitcoin everyday currency,” Suter said. “We believe that the internet needs a native currency, and that’s where all our focus has been today.”
Lucid Motors (LCID) is calling out the competition after the 2026 Air remains the most efficient EV in the US according to new EPA rankings.
2026 Lucid Air remains most efficient EV in EPA rankings
It has been 9 years since Lucid introduced the +400-mile-range Air, its first luxury electric sedan. Since then, the California-based EV maker has come a long way, introducing its first electric SUV, the Gravity, and plans to launch a series of more affordable midsize vehicles, starting later next year.
Lucid’s former CEO, Peter Rawlinson, who was a top engineer at Tesla before joining the luxury EV startup in 2013, promised the company’s innovations would be “the key to unlocking greater efficiency,” and ultimately, more affordable vehicles.
Rawlinson was not kidding. The 2024 Lucid Air Pure was deemed the “world’s most efficient car” with a record 5 miles of range per kWh and a 146 MPGe rating, the highest rating ever given to an EV by the EPA.
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Even with a slate of new EVs hitting the market, many claiming next-level efficiency, the Lucid Air is still ahead of the pack.
The 2026 Lucid Air (Source: Lucid)
According to new EPA rankings, the 2026 Lucid Air Pure RWD (with 19″ wheels) remains the most efficient EV in the US with a 146 MPGe rating.
The Air beat out the 2026 Tesla Model Y Standard RWD (138 MPGe), 2026 Tesla Model 3 Premium RWD (137 MPGe), 2026 Toyota bZ (131 MPGe), and the 2026 Mercedes-Benz CLA250 Plus EV (126 MPGe).
Other automakers often tout EV range using lenient WLTP or CLTC test cycles, masking efficiency gaps and inflating expectations. Now that official U.S. EPA numbers are out, the story changes. Lucid Air delivers S-Class size with unmatched efficiency, going farther on less energy… pic.twitter.com/yqYHMgF4tm
Lucid’s communications boss, Nick Twork, shared the news on social media, saying the Air “delivers “S-Class size with unmatched efficiency.”
While many automakers tout EV range using more lenient WLTP or CLTC test cycles, Twork said Lucid’s advantage “comes from a holistic engineering approach” that was designed years ago and “still ahead of any passenger car sold today.”
Electrek’s Take
By developing electric vehicle components from the ground up, including the powertrain, battery systems, and software, Lucid has an advantage over many legacy automakers that rely on third parties to outsource.
For one, Lucid’s innovations are already driving down costs. The first Lucid Air Dream Edition, launched in 2021, started at $169,000. Today, you can snag the Lucid Air for as low as $70,900.
Lucid is now ramping production of its first electric SUV, the Gravity. Last month, it launched the lower-priced Gravity Touring trim, starting at $79,900.
Starting later next year, Lucid will begin production of its midsize platform, which will spawn at least three “top hats” priced around $50,000. The first will be a midsize crossover SUV, followed by a more rugged SUV that will share design clues from the Gravity X concept. Although it’s yet to be confirmed, the third is expected to be a midsize sedan that could go head-to-head with the Tesla Model 3.
Rawlinson previously said Lucid’s midsize vehicles are aimed “right in the heart of Tesla Model 3, Model Y territory.”
After reporting Q3 earnings last month, Lucid said it had enough liquidity to fund it through the first half of 2027 and confirmed it’s on track to begin production of the midsize platform in late 2026.
Ready to test Lucid’s luxury EVs for yourself? Lucid is running a Cyber Monday Special, offering $2,000 toward an Air or $3,000 toward a Gravity. Check out the links below to find Lucid Air and Gravity models in your area.
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Hyundai Motor and Kia are racing past US rivals, scoring their largest market-share jump since the pandemic. The Korean auto giants’ market share reached a record 10.9% in October.
Hyundai and Kia capture record US market share
Hyundai and Kia’s big bet on the US is paying off. Despite the new tariffs on imported vehicles and loss of the $7,500 federal EV tax credit, the Korean automaker is outpacing the competition.
Thanks to strong demand for electrified vehicles, especially SUVs, Hyundai and Kia captured a record 10.9% share of the US market in October.
Hyundai Motor, including Genesis and Kia, saw its combined US market share rise 3.4% from 7.5% in 2019. According to The Korean Economic Daily, this was the largest gain among major OEMs, including the “Big 3” GM, Ford, and Stellantis.
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The growth is primarily due to its expanding lineup of hybrid SUVs, including the Tucson, Sorento, Telluride, Santa Fe, and Palisade.
Since 2020, Hyundai and Kia’s US hybrid market share has surged from just 5% to 14% this year. Through October, the Korean automaker sold 257,340 hybrids, already topping the roughly 222,500 it handed over in 2024.
Hyundai IONIQ 5 at a Tesla Supercharger (Source: Hyundai)
Although hybrid sales surged, Hyundai and Kia’s EV sales dropped in October following the loss of the $7,500 federal tax credit.
Hyundai sold just 1,642 IONIQ 5s last month, a 63% decrease from October 2024 and significantly fewer than the over 8,400 sold in September.
Kia didn’t fare much better with just 666 EV9s and 508 EV6s sold in October, a stark contrast from the 1,941 and 1,732 sold in October 2024.
2026 Kia EV9 (Source: Kia)
The policy changes caused Kia to delay the launch of several new EVs, including the EV4, its first electric sedan, and the high-performance EV9.
Hyundai Motors North America CEO, Randy Parker, said the policy changes have “temporarily disrupted the market,” but the company is confident it will reset over the next few months.
Hyundai IONIQ 9 models, which are built at the HMGMA EV plant in Georgia (Source: Hyundai)
After the US and South Korea agreed to lower tariffs from 25% to 15% last month, Hyundai and Kia are now on par with Japanese automakers, including Toyota. Japan reached a similar deal with the US in September.
With local production picking up at Hyundai Motor Group’s Metaplant America and Kia’s West Point plant in Georgia, the Korean automakers expect to carry the momentum into 2026.
Hyundai and Kia have been pushing some of the strongest promotions to make up for the loss of the federal tax credit. Kia introduced a $10,000 customer cash discount across its entire EV lineup last month. Meanwhile, Hyundai is still offering IONIQ 5 leases as low as $189 per month, which is about as low a payment you’ll find for an all-electric vehicle.
Interested in testing one for yourself? We can help you get started. You can use our links below to find Hyundai, Kia, and Genesis vehicles near you.
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If you ask the average American which country is doing the most to improve e-bike battery safety, most people probably wouldn’t guess China. But that’s exactly where the world’s strongest, most comprehensive lithium-ion safety rules are coming from – and the latest round just went into effect today.
Beginning December 1, China has officially banned the sale of all e-bikes built to the older national standard, replacing them with a new, far stricter rule set known as GB 17761-2024. Under the announcement from the State Administration for Market Regulation, any e-bike sold in China from today forward must carry a valid CCC certification under this brand-new standard. Older certificates are now invalid, and retailers caught selling non-compliant bikes face enforcement from local regulators.
The new rules go far beyond what most countries require. They tighten fire-resistance requirements, restrict the amount of plastic allowed on an e-bike, cap total vehicle weight, and mandate improved electrical safety. The regulations also work hand-in-hand with a second standard, the already-implemented GB 43854-2024, which sets some of the toughest lithium-ion battery testing requirements in the world, including mandatory over-charge protection, thermal abuse tests, puncture tests, and a ban on repurposed or second-hand cells, a major cause of past fires.
Balancing safety and convenience for existing owners, Chinese regulators also built in consumer protections. Bikes that were already purchased and registered under the old rules won’t be forced off the road. And companies are required to support repairs and spare parts for at least the next five years. But unregistered “old-standard” bikes must have been formally plated already, or they’ll no longer be legal to operate.
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For a country often stereotyped as producing unsafe batteries, the reality is almost the opposite. China is now setting the global pace on e-bike safety – aggressively tightening standards, sharply reducing fire risks, and pushing manufacturers to meet levels of testing that most of Europe and the US still haven’t matched.