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Cash App Introduces Bitcoin Transactions Through Lightning Network

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Cash App Introduces Bitcoin Transactions Through Lightning Network

Source: blockchain.news

The payment processing application created by Block Inc, Cash App, has now added support for Bitcoin transactions, allowing users to send and receive Bitcoin through the Lightning Network.

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Following its integration with the Lightning Network in February to allow users to make payments with Bitcoin, Cash App has now added support for transactions via the Bitcoin Lightning Network.

Lightning Network is a layer 2 solution network built on top of Bitcoin to enhance your scalability and enable instant payments through a network of participants.

Product lead Michael Rihani initially revealed this announcement when he made a post about it on Twitter. The additional, “Cash App now supports sending and receiving via Lightning. while the other purse support LN, you should be good.”

According to Michael Rihani, this new feature is currently only available to Cash App users in the United States. Also, the feature is excluded for residents of the state of New York, as they will not be able to use this service.

When some users commented on Micheal’s announcement about the feature on Twitter, they indicated that it wasn’t working. Michael confirmed that the feature is available for both Android and iOS users, and they need to install or update to the latest version of the app.

CashApp started out as one of the first mainstream payment apps to support Bitcoin since 2018. “We think Bitcoin is the best solid digital money in the world, period,” said Miles Suter, crypto product lead at CashApp. “We believe that Bitcoin is for the people and that in America, Cash App is the financial app for the people.”

In addition to Bitcoin Lightning Network Cash App support, the layer 2 solution itself has been growing very well over the years. As Blockchain.News reported earlier this month, the lightning rework has now crossed the 5,000 BTC benchmark, marking its gain of an additional 2,000 BTC in just 1 year.

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