1 year ago
- Cash App users tin nonstop and person payments successful BTC via the Lightning Network.
- Previously, the app could lone nonstop on-chain BTC payments.
- Cash App has a idiosyncratic basal of implicit 40 million, implicit six-times larger than the colonisation of El Salvador.
Cash App users tin present nonstop and person bitcoin payments instantly via the Lightning Network, per an announcement from the company’s merchandise lead, Michael Rihani.
The process for transacting successful bitcoin done Cash App is simple. First, a idiosyncratic goes to the app, opens the “Money Tab”, selects Bitcoin, and past a QR codification oregon nexus volition beryllium generated allowing users to transact with different Lightning-enabled wallets.
Michael Rihani, merchandise pb for Cash App connected Twitter
Currently, the diagnostic is disposable crossed each of the U.S., but for New York State. Thus, arsenic agelong arsenic users are interacting with different Lightning wallets, Cash App users tin take to nonstop oregon person BTC from the app successful the U.S, per a statement from Rihani.
In bid to usage this caller functionality users are required to update to the latest mentation of the app, which is supported connected some Apple iOS and Android mobile devices.
Moreover, Cash App boasts a idiosyncratic basal of implicit 40 million. This means 40 cardinal users tin present settee instant, back-and-forth payments successful BTC, each by integrating with the Lightning Network.
This past February, Cash App announced its archetypal integration with the Lightning Network. However, this functionality lone allowed users to nonstop BTC to different Lightning wallets. Today’s announcement allowed users to besides person BTC.
The company’s archetypal announcement was followed up with a diagnostic known arsenic "Pay Me In Bitcoin," which allowed Cash App users to person their paychecks into BTC.
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