Cash App Now Supports Bitcoin's Lightning Network for Customers in the United States

Block (formerly Square), Jack Dorsey's company, has announced the integration of Lightning Network into its popular Cash App.

Cash App Introduces Support for Bitcoin’s Lightning Network for US Based Customers
Cash App Bitcoin | Image: Optimisus

According to TechCrunch, Block's Cash App has integrated with Lightning Network to allow US-based users to send Bitcoin to anyone in the world for free.

According to the report, the Cash App quietly began rolling out the feature to select customers prior to the official announcement.

The new feature, which will allow all US Cash App customers to access Lightning Network, is expected to be completed in the coming weeks, according to the company.

With Lightning, Cash App users could send Bitcoin internationally for free to any compatible wallet or merchant. While Lightning adoption is still in its early stages, some merchants have begun to use the network in order to reduce transaction fees for their customers.

According to a TechCrunch report on Cash App's new approach:

"Cash App explains the benefits of this system, noting that traditional Bitcoin network transactions can take some time to process and incur higher fees when compared to Lightning Network — whose name is intended to convey its faster capabilities."

In addition, its transactions also occur independently of the blockchain (off-chain), which helps to reduce fees, time, and energy consumption that would otherwise be involved.

Aside from this, the Lightning Network will continue to benefit from blockchain technology and decentralization because network transactions are later consolidated and recorded to the main Bitcoin blockchain.