Block (formerly Square) A mobile payment application developed by Cash App, At the Bitcoin 2022 conference held in Miami Bitcoin (BTC) speeding up transactions Lightning Network made announcements that they were expanding their support.
Miles Sutter, product leader of Cash App In his speech, Cash App’s US customers will automatically direct some or all of their deposits directly. to bitcoin announced that they could transform
“Our goal at Cash App has always been to make the most inclusive financial system in Bitcoin history as accessible to people as possible.
In this context, in January 2018, we became the first public company to allow users to buy and sell Bitcoin on our platform.
We continued our innovative work and today we are announcing that our customers will be able to receive Bitcoin over the Lightning Network in the coming months without any block confirmations.
All of these newly introduced features will be free to customers. Because we want to make it as easy as possible for every person to become a Bitcoiner.”
“Paid in Bitcoin” With the new feature called Cash App, Cash App customers can receive a percentage of their direct deposit free of charge. to BTC they can transform.
Cash App users will be able to choose to convert from 1% to 100% of their deposits into Bitcoin, with the option to restructure at any time.
I Observed Bitcoin In El Salvador!
Stating that he wants to accelerate the adoption of Bitcoin all over the world, Miles Sutter, who accepts Bitcoin as a legal currency, to El Salvador BTC He said he went to observe.
“I have observed the difficulties of promoting Bitcoin in a country where 70% of the people are unbanked.
Then I realized that Bitcoin is the best and most stable digital currency in the world and the best way to save our customers from scratch is to let them get free Bitcoin.”
*Not investment advice.