2 years ago
Mobile payments work Cash App has announced respective escaped features to fto users seamlessly person paychecks into bitcoin, circular disconnected their debit and recognition paper payments into bitcoin and to person payments done the Lightning Network.
Cash App, which is operated by Jack Dorsey’s Block, Inc., is 1 of the world’s astir fashionable payments apps and has allowed users to easy buy, merchantability and retreat bitcoin since 2018. It reported $1.96 cardinal successful bitcoin revenue successful the 4th fourth of 2021 and Suter reemphasized the company’s committedness to the Bitcoin ecosystem arsenic helium announced the caller services connected signifier astatine Bitcoin 2022.
"We judge that bitcoin is the world's champion digital, dependable wealth period," Suter said. "We judge that Bitcoin is for the radical and that successful America, Cash App is the fiscal app for the people."
Cash App announced integration of Lightning Network payments for users successful February, but volition present fto users person Lightning Network transactions arsenic well.
"To marque Bitcoin adjacent much universally accessible, we're announcing Lightning receives,” said Suter. "In the coming months, you'll beryllium capable to person bitcoin implicit the Lightning Network with nary artifact confirmations needed."
In summation to the Lightning Network transaction reception integration, Suter announced that Cash App volition introducing azygous QR codes for some on-chain and Lightning Network transactions, reducing the request for users to separate which obstruction they are making transactions through.
Suter framed the paycheck-to-bitcoin conversion diagnostic arsenic a mode to much easy allocate regular net into inflation-resistant BTC.
Finally, the quality to circular disconnected paper payments into bitcoin could service arsenic a almighty sats-stacking strategy for those seeking regular, dollar-cost-averaged allocations to bitcoin. Cash App offers integration with astir existing recognition and debit cards, and offers a Cash Card that users tin leverage to wage for things from their Cash App balances. The rounding disconnected diagnostic volition beryllium disposable for Cash Card users.
“We're starting to rotation retired ‘paid successful bitcoin,’” explained Suter. As acold arsenic I cognize this is the largest deployment of a diagnostic similar this to date… With 2 taps you'll beryllium capable to prime a percent betwixt 1 and 100 and boom, you're done."
Bitcoin 2022 is portion of the Bitcoin Event Series hosted by BTC Inc, the genitor institution of Bitcoin Magazine.
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