Share this article
BTC
$75,916.11
-
8.64%ETH
$1,483.17
-
17.30%USDT
$0.9992
-
0.00%XRP
$1.7571
-
16.28%BNB
$537.45
-
8.77%USDC
$0.9999
+
0.01%SOL
$99.91
-
16.65%TRX
$0.2252
-
5.29%DOGE
$0.1367
-
17.10%ADA
$0.5397
-
15.67%LEO
$8.9429
-
1.75%TON
$2.9988
-
9.94%LINK
$10.64
-
16.05%XLM
$0.2137
-
14.65%SHIB
$0.0₄1071
-
11.59%AVAX
$15.20
-
12.27%OM
$6.1028
-
2.26%SUI
$1.7915
-
17.37%HBAR
$0.1337
-
15.29%USDE
$0.9985
-
0.04%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menu
- Back to menu
- Back to menu
- Back to menuResearch
Block’s Cash App Is Finally Integrating the Lightning Network
First promised back in 2019, Block’s move will allow users to quickly send bitcoin to each other for free,
Block, formerly known as Square, is integrating the Lightning Network into its popular Cash App, a move first promised in 2019. The company said the feature should be available to all U.S. Cash App users, except those in New York State, in the coming weeks.
- The integration of the network will allow Cash app customers in the U.S. to send bitcoin for free within seconds to anybody in the world.
- The Lightning integration is made possible by the Lightning Development Kit created by Spiral, which is funded by Block.
- Cash App customers will also be able to send bitcoin to any compatible wallet that accepts Lightning Network payments, without being charged fees.
- Almost three years ago, Block CEO Jack Dorsey, who’s also an investor in Lightning Labs, said there were plans underway to integrate the scaling technology with Square’s Cash App.
- Since then, the Lightning Network has progressed significantly, with developers working to make the technology more usable for more people. The network received a boost from the November activation of Taproot, the biggest change to Bitcoin in four years, which allowed new privacy improvements to be made to Lightning.
- In November, Dorsey announced he would step down as the CEO of Twitter, but he remains the CEO of Block.
Read more: 5 Ways Bitcoin’s Lightning Network Advanced in 2021
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
