The Block Cash App payment service has added support for the Lightning Network second layer solution for making fast and free payments in bitcoin.
Back in 2019, Jack Dorsey’s Block Inc., formerly known as Square, was planning to integrate the Lightning Network into its popular Cash App.
“Lightning Network is available in the Cash App. This is the fastest and most economical way to pay in bitcoins. Lightning allows you to send BTC to any wallet in the world faster than shoelaces are tied, and at the same time for free. stated company on Twitter.
While the service is at the debugging stage, access to some services may be temporarily limited. In this case, the service will not available for New Yorkers until the company obtains a BitLicense from the New York State Department of Financial Services.
Recall that in mid-December last year, the supplier of software products for analyzing transactions in blockchains, Chainalysis, announced the integration of the Lightning Network. Earlier, Swiss cryptocurrency broker Bitcoin Suisse announced support for a second-level solution.
Source: Bits
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
