Author

Topic: Cash App just added the lightning network?! (Read 87 times)

hero member
Activity: 798
Merit: 736
February 18, 2023, 10:20:55 PM
#7
What do you all think?
devil-may-care,
I don't know why I don't really surprising to hear this news. maybe I always follow other news which is great than this.
We know, many companies and institutions were implemented bigger than LN, like bitcoin-self as the main blockchain. I don't know why news like this never comes with great news.

Several days ago I hear about nostr, decentralized social network where many member used it for colaborate LN node and Nostr npub key .
legendary
Activity: 1162
Merit: 2025
Leading Crypto Sports Betting & Casino Platform
February 18, 2023, 09:56:21 PM
#6
For now it is allegedly only available for those who reside in the United States (except those from the State of New York).
I have never used this app, actually, I do not recall ever hearing about it here in my country, but whatever implementation of the second layer which helps people to move their money, it is welcomed.
Already Cash App isn't available all around the world. The service is limited within the United States and United Kingdom. This being a popular application to buy bitcoin makes the addition of lightning network an added feature. Already they've got 1.5% on instant transaction. Maybe this service could come at a better transaction fee. The access to international transaction need to be added and the same might be beneficial with the lightning network.

Ah, that explains why I have never heard about it.  Roll Eyes
I wonder if they keep their operations only in USA and UK because of regulations or because they do not think they can contest against giants like Binance or Coinbase.

I personally prefer on-chain transactions when comes to deposits and withdrawals, though. 
hero member
Activity: 966
Merit: 801
Exchanges Enthusiast
February 17, 2023, 10:52:56 PM
#5
Already they've got 1.5% on instant transaction. Maybe this service could come at a better transaction fee. The access to international transaction need to be added and the same might be beneficial with the lightning network.
There's no need Cash App should be available all around the world in order to adopt lighting network, moreover as you said Cash App do ask extra fees and it's a centralized payment provider where it's not good if you plan to hold your Bitcoin for long time. We already have a lot wallets support lightning network e.g. Electrum, Blue wallet, Zap wallet etc and there are a lot exchanges support too [1].

It just a benefit for Cash App if they have a plan to accept countries outside United States, but it's not give huge impact to lightning network adoption. There's also a limit which has been mentioned by above user, no way to use it.


[1] https://github.com/theDavidCoen/LightningExchanges
hero member
Activity: 2492
Merit: 548
Binance #Smart World Global Token
February 17, 2023, 10:44:11 PM
#4
For now it is allegedly only available for those who reside in the United States (except those from the State of New York).
I have never used this app, actually, I do not recall ever hearing about it here in my country, but whatever implementation of the second layer which helps people to move their money, it is welcomed.
Already Cash App isn't available all around the world. The service is limited within the United States and United Kingdom. This being a popular application to buy bitcoin makes the addition of lightning network an added feature. Already they've got 1.5% on instant transaction. Maybe this service could come at a better transaction fee. The access to international transaction need to be added and the same might be beneficial with the lightning network.
legendary
Activity: 1162
Merit: 2025
Leading Crypto Sports Betting & Casino Platform
February 17, 2023, 09:54:34 PM
#3
For now it is allegedly only available for those who reside in the United States (except those from the State of New York).
I have never used this app, actually, I do not recall ever hearing about it here in my country, but whatever implementation of the second layer which helps people to move their money, it is welcomed.
jr. member
Activity: 44
Merit: 22
February 17, 2023, 09:35:50 PM
#2
25/10/22

https://cointelegraph.com/news/cashapp-adds-support-for-bitcoin-lightning-network

CashApp adds support for Bitcoin Lightning Network
There is a limit of $999 every seven days for BTC transactions on the Lightning Network.
copper member
Activity: 3
Merit: 1
February 17, 2023, 09:24:22 PM
#1
account for sale
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