2 years ago
The Layer 2 protocol addresses the historical limitations of the BTC blockchain to amended speeds portion reducing the costs associated with the transactions.
Popular mobile outgo work Cash App has integrated the Bitcoin (BTC) Lightning Network arsenic a portion of an update, allowing faster and cheaper BTC transfers utilizing the Layer 2 (L2) outgo protocol.
Cash App is developed and owned by Block (formerly Square), a fintech steadfast co-founded by erstwhile Twitter CEO Jack Dorsey. The announcement of the BTC L2 integration was shared arsenic a notification connected the authoritative Cash App application, which made its mode done to Crypto Twitter:
The quality are real! @CashApp added #Bitcoin Lightning ⚡️Network pic.twitter.com/zbbdqcx0dC
— Yegor Petrov ⚡️ (@yeg0rpetrov) January 11, 2022The Bitcoin Lightning Network protocol addresses the noted limitations of the BTC blockchain to amended speeds portion reducing the costs associated with transactions.
Just past month, Dorsey featured successful a video with Lightning Development Kit (LDK), a work developed by Spiral, a Square subsidiary focused connected gathering for the Bitcoin ecosystem. LDK allows developers to integrate Lightning protocols into Bitcoin wallets and related services.
Prior to leaving Twitter, Dorsey besides openly voiced his involvement successful integrating L2 protocols for the recently launched tipping services connected Twitter and BlueSky:
Only a substance of time
— jack⚡️ (@jack) June 11, 2021The latest data from Business of Apps shows that Cash App catered to implicit 36 cardinal users crossed the United States and the United Kingdom.
Related: Block's Cash App volition let users to acquisition BTC for the holidays
Favoring ongoing Bitcoin adoption, Cash App launched a work that allowed users to acquisition BTC and stocks implicit the vacation season.
Cash App allowed users to nonstop a minimum of $1 worthy of BTC without needing to ain the assets beforehand.
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