Jack Dorsey’s Cash App enables Bitcoin Lightning and stablecoin payments
Cash App released updates including support for sending and receiving stablecoins and enabling Bitcoin Lightning payments using USD balances.Summary
Cash App, created by Jack Dorsey's Block Inc., announced 11 product updates, notably enabling users to send and receive stablecoins and utilize the Bitcoin Lightning Network for payments. The Lightning feature allows eligible customers to make fast, low-cost payments by automatically converting their USD balance, meaning they do not need to hold actual Bitcoin when scanning a Lightning QR Code. This stablecoin support arrives as adoption of USD-pegged tokens is high, with competitors like Zelle also exploring stablecoin integration. Furthermore, Square merchants can now opt to receive payments in USD, BTC, or a mix, following a recent move allowing merchants to accept BTC with no fees until 2027, which analysts view as a major test for Bitcoin's viability as an everyday payment method.
(Source：The Block)