{"id":7241,"date":"2022-02-07T23:27:39","date_gmt":"2022-02-07T23:27:39","guid":{"rendered":"http:\/\/egrowonline.com\/?p=7241"},"modified":"2022-02-07T23:27:39","modified_gmt":"2022-02-07T23:27:39","slug":"cash-app-adds-bitcoin-lighting-network-support-send-btc-instantly-and-for-free-square-sq","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=7241","title":{"rendered":"Cash App Adds Bitcoin Lighting Network Support: Send BTC Instantly And For Free &#8211; Square (SQ)"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"article-25463166\">\n<p><strong>Block Inc.<\/strong>-owned\u00a0(NYSE:<a target=\"_blank\" class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/SQ#NYSE\" rel=\"noopener\">SQ<\/a>) crypto-friendly financial services app Cash App led by former Twitter CEO <strong>Jack Dorsey\u00a0<\/strong>just rolled out support for the\u00a0<strong>Bitcoin<\/strong> (CRYPTO: <a target=\"_blank\" class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\" rel=\"noopener\">BTC<\/a>) lightning network, enabling free and near-instant BTC transfers.<br \/><strong>What Happened:<\/strong>\u00a0In an\u00a0<a target=\"_blank\" href=\"https:\/\/twitter.com\/CashApp\/status\/1490767860750336004\" rel=\"noopener\">announcement<\/a> published on Monday on Twitter, Cash App writes that the Lightning Network &#8220;is now available&#8221; and describes it as &#8220;the fastest, free way to pay anyone in Bitcoin.&#8221;<\/p>\n<p>Lightning Network is a Bitcoin scalability solution that aims to scale the coin from\u00a0about 7 transactions per second to possibly millions and drastically reduce transaction costs, making it an attractive option for most applications.<\/p>\n<p>The solution creates\u00a0bi-directional payment channels between themselves and a second party, each with their own wallet that enables them to exchange Bitcoin nearly for free \u2014 but admittedly in limited quantities.<\/p>\n<p>When the users create payment channels, they are forced to lock a certain amount of Bitcoin into the Lightning Network and this is the Bitcoin that can be transferred independently of the\u00a0blockchain \u2014 which is why Bitcoin\u00a0blockchain&#8217;s limitations do not apply.<\/p>\n<p><em>See Also:\u00a0<a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/money\/what-is-the-bitcoin-lightning-network\/\" rel=\"noopener\">WHAT IS THE BITCOIN LIGHTNING NETWORK?<\/a><\/em><\/p>\n<p><strong>BTC Price Action:<\/strong> As of press time, Bitcoin is trading at nearly $44,200 after seeing its price increase by about 5.9% over the last 24 hours.<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/22\/02\/25463166\/cash-app-adds-bitcoin-lighting-network-support-send-btc-instantly-and-for-free\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Block Inc.-owned\u00a0(NYSE:SQ) crypto-friendly financial services app Cash App led by former Twitter CEO Jack Dorsey\u00a0just rolled out support for the\u00a0Bitcoin (CRYPTO: BTC) lightning network, enabling free and near-instant BTC transfers.What Happened:\u00a0In an\u00a0announcement published on Monday on Twitter, Cash App writes that the Lightning Network &#8220;is now available&#8221; and describes it as &#8220;the fastest, free way [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7242,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[37],"tags":[223,149,50,194,218,936,4771,4770,175,3987,1786,216],"class_list":["post-7241","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-adds","tag-app","tag-bitcoin","tag-btc","tag-cash","tag-free","tag-instantly","tag-lighting","tag-network","tag-send","tag-square","tag-support"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/02\/bitcoin_man_2.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/7241","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7241"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/7241\/revisions"}],"predecessor-version":[{"id":7243,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/7241\/revisions\/7243"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/7242"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7241"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}