Cash App enables instant BTC payments following Lightning Network integration
Cash App, a payments subsidiary under Jack Dorsey’s Block Inc., has now integrated the Bitcoin Lightning Network to enable instant and free bitcoin payments directly from its app. With its official announcement, users can now transact through frictionless payments without requiring them to understand the complexities of the Lightning Network.
Lightning Network is now available on Cash App. It's the fastest, free way to pay anyone in bitcoin.
Buy tacos, tip your favorite Twitter comedian, or send a friend money abroad—anywhere that accepts lightning. pic.twitter.com/65TXSJ6yL6
— Cash App (@CashApp) February 7, 2022
Announcing the news via Twitter, Cash App said users can now “buy tacos, tip your favorite Twitter comedian, or send a friend money abroad—anywhere that accepts lightning.”
While rumors of the latest offering were getting around the past few months, it reached its highlight after the company announced through a notification that it has added the Lightning Network.
Cash App was able to integrate the layer 2 technology by using Spiral’s Lightning Development Kit, a type of Software Development Kit that allows developers to effortlessly integrate Bitcoin’s Lightning Network into their applications and platforms. Spiral is another subsidiary of Block that focuses on open-source Bitcoin development.
Cash App users can utilize the lightning network by scanning a Lightning QR using their phones, confirming the payment details, and tapping on pay. In addition, users can make on-chain payments by enabling transactions to on-chain BTC addresses.
Hey there, you can pay Lightning Invoices with Cash App, but can't generate them through Cash App for other people to pay. For any specific questions about Bitcoin on Cash App, write in here: https://t.co/45Ys0gEEvO
— Cash App Support (@CashSupport) February 7, 2022
Meanwhile, the feature currently has some limitations. For instance, users can pay Lightning Invoices with Cash App, but can not generate them through Cash App for other people to pay, Cash App noted in a tweet. Moreover, residents of New York are not eligible for lightning.
The post Cash App enables instant BTC payments following Lightning Network integration appeared first on Our Bitcoin News.
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