Cash App, a payment processing application created by Block Inc, has now added support for Bitcoin transactions, allowing users to send and receive Bitcoins via the Lightning network.
After integrating with the lightning network in February to allow users to make payments with bitcoins, Cash App has now added support for transactions through the bitcoin Lightning Network.
The Lightning Network is a layer 2 solution network built on Bitcoin to improve itself scalability and enable instant payments in the network of participants.
Initially Product Manager Michael Rihani exposed this announcement when he posted about it on Twitter. He he added“Cash App now supports sending and receiving via lightning. As long as the other one wallet supports LN, you should be good.”
According to Michael Rihani, this new feature is currently only available to Cash App users in the United States. Additionally, this feature is excluded for New York State residents as they will not be allowed to use this service.
When some users commented on Michael’s announcement of the feature on Twitter, they suggested that it wasn’t working. Michael confirmed that this feature is available for both Android and iOS users and they should install or update the app to the latest version.
CashApp started as one of the first mainstream payment apps to support Bitcoin since 2018. “We believe that Bitcoin is the best digital, sound money in the world,” he said Miles Suter, Head of Crypto Products at CashApp. “We believe that Bitcoin is for the people and that in America the Cash app is the financial app for the people.”
In addition to Cash App supporting the Bitcoin Lightning Network, the Layer 2 solution itself has been growing so well over the years. As Blockchain.News reported earlier this month, the flash overhaul now surpassed the 5,000 BTC benchmarkwhich means an increase of another 2000 BTC in just 1 year.
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