Jack Dorsey, the co-founder of Twitter elevated his presence in the crypto industry with the launch of Cash App formerly known as Square Cash. Previously in 2018, Cash App enabled buying and selling of Bitcoin. However, now, taking things up a notch, the app has reportedly integrated Lightning Network [LN] payments.
Despite being the world’s first and largest cryptocurrency, Bitcoin had issues of its own. Scalability was one of them. In order to combat issues pertaining to scalability, a layer 2 solution, called the Bitcoin Lightning Network was formulated on the Bitcoin network.
While the Cash App already processed Bitcoin payments, the community was urging Dorsey to include LN. The Twitter co-founder stayed mum all this while, however, a recent discovery made by Steve Moser, the editor-in-chief at the Tap Drive shed light on Cash App’s interest in the Lightning Network. Moser tweeted,
Cash App affirms addition of Lightning Network
Earlier today, Cash App users realized that payments on Bitcoin’s Lightning Network were available. Therefore, an array of them took to Twitter pointing out the benefits of the Lightning Network integration. The firm hadn’t given an official statement about the same. But, Dorsey went on to like the tweets of those who shared screenshots of Lightning network transactions, affirming its authenticity.
Cash App did not release any elaborate statement pertaining to the release of the app. Yet, the users could notice a small note that read,
“We just added Lightning Network. User the fastest. free way to pay anyone in bitcoin -just scan or send to a Lightning address.”
The community was clearly escalated. Bitcoiners had already started gloating about the zero transaction fees on the network. One Twitter user even took a jab at the Ethereum network as he went on to post the question, “How’s those high gas FEES going?” Dorsey joined in on the fun by liking the post.