Cash App integrates Bitcoin Lightning Network for faster BTC transfers

Popular
mobile
payments
service
Cash
App
has
integrated
the
Bitcoin Lightning
Network
as
a
part
of
an
update,
allowing
faster
and
cheaper
Bitcoin
(BTC)
transfers
using
the
layer-two
(L2)
payments
protocol. 

Cash
App
is
developed
and
owned
by
Block
(formerly
Square),
a
fintech
firm
co-founded
by
former
Twitter
CEO
Jack
Dorsey.
The
announcement
of
the
Bitcoin
L2
integration
was
shared
as
a
notification
on
the
official
Cash
App
application,
which
made
its
way
to
Crypto
Twitter:

The
Lightning
Network
protocol
addresses
the
noted
limitations
of
the
Bitcoin
blockchain
to
improve
speeds
while
reducing
transaction
fees. 

Just
last
month,
Dorsey
featured
in
a
video
with
Lightning
Development
Kit
(LDK),
a
service
developed
by
Spiral,
a
Square
subsidiary
focused
on
developing
the
Bitcoin
ecosystem.
LDK
allows
developers
to
integrate
Lightning
protocols
into
Bitcoin
wallets
and
related
services.

Prior
to
leaving
Twitter,
Dorsey
also
openly
voiced
his
interest
in
integrating
L2
protocols
for
the
newly
launched
tipping
services
on
Twitter
and
BlueSky:

The
latest
data
from
Business
of
Apps

shows

that
Cash
App
has
catered
to
over
36
million
users
across
the
United
States
and
the
United
Kingdom. 



Related:




Block’s
Cash
App
will
allow
users
to
gift
BTC
for
the
holidays

Favoring
ongoing
Bitcoin
adoption,
Cash
App
has
launched
a
service
that
allowed
users
to
gift
BTC
and
stocks
over
the
holiday
season.

Cash
App
allowed
users
to
send
a
minimum
of
$1
worth
of
BTC
without
needing
to
own
the
assets
beforehand.

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