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Bitcoin Lightning Network: Cash App Expands Features

 


It should be clear to all that Block (formerly Square), as a company founded by Jack Dorsey, is very positive about Bitcoin. It is not for nothing that the American payment service provider is one of the last remaining companies to keep Bitcoin on its own balance sheet.


But also in the company's application, the cash app, which is primarily used in the USA. This has now built new remarkable integrations related to Bitcoin. Thanks to the installation of the Bitcoin Lightning Network, you can now transfer Bitcoins in seconds with Cash App.


With more than 44 million monthly active users in the United States, the Cash App has become a very popular payment method and in any case a great success for the Lightning Network.


Thats how it works

According to Block, up to $999 in Bitcoin can now be sent or received within a week with just a few clicks. To do this, the payment service provider team has expanded the classic interface and now added BTC to the selectable currencies.


Since Cash App is also accepted in many everyday shops such as Walmart or restaurants, it is also possible for 44 million users to pay in Bitcoin without the business provider having to build up a large infrastructure.


Bitcoin is deeply rooted in the United States

Not only is this news a great achievement for the Lightning Network, which has been working hard to eradicate some of Bitcoin's teething problems, but it also shows how well cryptos have arrived in America.


According to a survey by the New York Digital Investment Group last year, about 22 percent of all Americans (46 million people) hold bitcoin and even more other crypto assets. This deep ramification within the population also speaks against a possible ban or unrelenting regulation, as does the fact that thanks to the Lightning network there is another concrete use case for BTC.

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