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Cash App integrates Bitcoin Lightning Network for faster BTC transfers



In style cellular fee service Money App has built-in the Bitcoin (BTC) Lightning Community as part of an replace, permitting quicker and cheaper BTC transfers utilizing the Layer 2 (L2) fee protocol. 

Money App is developed and owned by Block (previously Sq.), a fintech agency co-founded by former Twitter CEO Jack Dorsey. The announcement of the BTC L2 integration was shared as a notification on the official Money App software, which made its manner by means of to Crypto Twitter:

The Bitcoin Lightning Community protocol addresses the famous limitations of the BTC blockchain to enhance speeds whereas decreasing the prices related to transactions. 

Simply final month, Dorsey featured in a video with Lightning Growth Package (LDK), a service developed by Spiral, a Sq. subsidiary targeted on constructing for the Bitcoin ecosystem. LDK permits builders to combine Lightning protocols into Bitcoin wallets and associated providers.

Previous to leaving Twitter, Dorsey additionally overtly voiced his curiosity in integrating L2 protocols for the newly launched tipping providers on Twitter and BlueSky:

The most recent knowledge from Enterprise of Apps reveals that Money App catered to over 36 million customers throughout the USA and the UK. 

Associated: Block’s Money App will enable customers to present BTC for the vacations

Favoring ongoing Bitcoin adoption, Money App launched a service that allowed customers to present BTC and shares over the vacation season.

Money App allowed customers to ship a minimal of $1 value of BTC with no need to personal the property beforehand.