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Money App integrates Bitcoin Lightning Community for quicker BTC transfers

money-app-integrates-bitcoin-lightning-community-for-quicker-btc-transfers

The layer-two protocol addresses the historic limitations of Bitcoin to enhance speeds whereas decreasing transaction charges.

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Cash App integrates Bitcoin Lightning Network for faster BTC transfers

Well-liked cellular funds service Money App has built-in the Bitcoin Lightning Community as part of an replace, permitting quicker and cheaper Bitcoin (BTC) transfers utilizing the layer-two (L2) funds 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 Bitcoin L2 integration was shared as a notification on the official Money App utility, which made its technique to Crypto Twitter:

The information are actual! @CashApp added #Bitcoin Lightning ⚡️Community pic.twitter.com/zbbdqcx0dC

— Yegor Petrov ⚡️ (@yeg0rpetrov) January 11, 2022

The Lightning Community protocol addresses the famous limitations of the Bitcoin blockchain to enhance speeds whereas decreasing transaction charges. 

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

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

Solely a matter of time

— jack⚡️ (@jack) June 11, 2021

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

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

Favoring ongoing Bitcoin adoption, Money App has 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 while not having to personal the property beforehand.

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