Cash App integrates Lightning Network for faster BTC transfers

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

Cash App is developed and owned by Block (formerly Square), a fintech company co-founded by former Twitter CEO Jack Dorsey. The announcement of the Bitcoin L2 integration was shared as an announcement on the official Cash App, posted to Twitter:

Lightning Network protocol to solve Bitcoin blockchain limitations such as slow transaction times and high fees.

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

Before leaving Twitter, Dorsey also publicly expressed his interest in integrating L2 protocols for newly launched tip services on Twitter and BlueSky:

Latest data from Business of Apps shows Cash App has served over 36 million users across the US and UK.

Supporting the ongoing Bitcoin adoption, Cash App Cash has launched a service that allows users to donate BTC and stocks during the holiday season.

The Cash app allows users to deposit a minimum of 1 USD worth of BTC without needing to own an asset first.

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