One of the world's most popular mobile payment applications will develop integration with Bitcoin's Lightning Network.
Layer 2 Solution
In a recent interview, Square CEO Jack Dorsey says he is working with the Lightning Labs team to bring the Lightning Network (LN) to Square's Cash Application. LN is a layer-2 solution designed to respond to key criticisms that speed up Bitcoin operations and that number one crypto currency is too slow and impractical for mainstream use.
In the Bitcoin Podcast of Stephan Livera, Dorsey says that making Bitcoin more operational is a high priority, and it is only a matter of time for the company to integrate technology to make it easier and faster to use Bitcoin in acquisitions:
… We are exploring with Elizabeth and Lightning team “
We want to make it as fast, efficient and operational as possible. This includes looking at our dealer base and register. This is not an ’if Bu. This is a ’when Bu. How can we be sure we get the speed and efficiency we need. Most of the work we do at the vendor side is meaningful with making transactions as fast as possible Satıcı
BTC Spending with Visa Card
Dorsey says the application has come a long way in delivering Bitcoin to users around the world and has also provided them with BTC spending using the company's Visa debit card card.
Mutlak I think we have quite an attractive experience when people who have not been able to reach Bitcoin in the past can see that they can get it with a single touch and live on this network for 24 hours and breathe. That's why we intend to continue expanding and make it feel simple and accessible. Bu
Ultimately, what the Cash application comes from is about accessibility. How can we increase the number of people who can participate more economically? And the Cash application has gone too far. We see people who don't have a bank account started with the Cash app and use the Cash app to store their money, buy a Cash Card, personalize it and spend it wherever they are. Certainly people can buy Bitcoin and sell Bitcoin, and this is done through their Cash accounts, which they can spend using their Visa account. "
You can listen to the full podcast here.
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