Crypto-Follow logo Crypto-Follow logo
Cryptoknowmics 2022-02-08 13:00:25

Cash App Integrates Bitcoin’s Lightning Network

Jack Dorsey’s mobile payment service Cash App just added support for the Bitcoin Lightning Network, allowing users the ability for the faster and cheaper transfer of Bitcoin (BTC) to any Lightning or on-chain BTC address, the company tweeted on Monday. Lightning Network is now available on Cash App. It's the fastest, free way to pay anyone in bitcoin. Buy tacos, tip your favorite Twitter comedian, or send a friend money abroad—anywhere that accepts lightning. pic.twitter.com/65TXSJ6yL6 — Cash App (@CashApp) February 7, 2022 The company initially announced the integration via an in-app notification just a few weeks ago. It now seems that the users can finally use the feature and take advantage of the benefits that Bitcoin Lightning Network offers. The integration of the lightning network was made possible by the Lightning Development Kit, an open-source project developed by Dorsey’s other company owned by Block, Spiral. The Lightning Development Kit (LDK) is a flexible Lightning implementation for developers who want to integrate Bitcoin’s Lightning Network into their applications in an easier and faster way. Lightning Network is a layer-2 solution for the Bitcoin blockchain that brings scalability to the network by creating a separate network. This allows users to transact via a minimal involvement with the Bitcoin blockchain in an effort to reduce costs and speed up transactions. Cash App is a mobile payments app developed an...

#
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer