40 Million Cash App Users Can Now Send And Receive Bitcoin Lightning Payments

Cash App users can send and get payments in BTC by means of the Lightning Network.Previously, the app might only send out on-chain BTC payments. Money App has a user base of over 40 million, over six-times larger than the population of El Salvador. Money App users can now send and receive bitcoin payments quickly via the Lightning Network, per a statement from the companys item lead, Michael Rihani.The process for negotiating in bitcoin through Cash App is basic. Initially, a user goes to the app, opens the “Money Tab”, selects Bitcoin, and after that a QR code or link will be produced allowing users to negotiate with other Lightning-enabled wallets.Michael Rihani, item lead for Cash App on TwitterImage sourceCurrently, the feature is readily available across all of the U.S., except for New York State. Thus, as long as users are communicating with other Lightning wallets, Cash App users can select to send or get BTC from the app in the U.S, per a statement from Rihani. In order to use this brand-new performance users are required to update to the most recent variation of the app, which is supported on both Apple iOS and Android mobile phones. Money App boasts a user base of over 40 million. This means 40 million users can now settle instant, back-and-forth payments in BTC, all by integrating with the Lightning Network. This past February, Cash App announced its initial combination with the Lightning Network. However, this performance only permitted users to send BTC to other Lightning wallets. Todays announcement enabled users to also receive BTC.The companys initial announcement was followed up with a function referred to as “Pay Me In Bitcoin,” which allowed Cash App users to convert their paychecks into BTC..