Blockchain

Jack Dorsey’s Cash App Enables Bitcoin Lightning and Stablecoin Payments

Popular payments platform Cash App has rolled out a host of product updates on Thursday, including a feature for bitcoin and stablecoin payments. “Cash App has rolled out 11 product updates and made more than 150 improvements to meet the way that millions of people earn, manage, and share money today,” the company said in a statement.

“The brand’s first-ever bundled release includes more flexible banking benefits, AI-powered navigation, the ability to send and receive stablecoins, and more – all underpinned by robust safety features.” Cash App was created by Block Inc. (ticker XYZ), a company co-founded by Jack Dorsey. The payments app was developed under Dorsey’s leadership. Dorsey is the long-time bitcoin proponent who famously co-founded Twitter, the social media platform later sold to Elon Musk, who rebranded it as X.

Support authors and subscribe to content

This is premium stuff. Subscribe to read the entire article.

Subscribe

Gain access to all our Premium contents. More than 100+ articles.
Terron Gold

Recent Posts

Federal Reserve Moves to Tighten Stablecoin Oversight With New Customer Identification Requirements

The Federal Reserve has unveiled a new proposed rule that would require certain payment stablecoin issuers to…

7 days ago

HIVE Stock Surges 10% After Landing $220 Million Sovereign AI Infrastructure Deal in Canada

Shares of HIVE Digital Technologies jumped more than 10% after the company announced a major $220 million, three-year…

1 week ago

Illinois Becomes First State to Tax Bitcoin and Crypto Transactions as Critics Call It the Most Punitive Crypto Tax in America

Illinois has officially become the first U.S. state to impose a transaction-based tax on cryptocy activity…

1 week ago

FOMC Rate Decision Triggers $122 Million Crypto Liquidation Cascade as Bitcoin and Ethereum Slide

The cryptocy market was hit by a sharp wave of volatility after the Federal Open Market…

1 week ago

Algorand Targets Full Quantum Resistance by 2027 as Blockchain Industry Faces Growing Quantum Threat

Algorand is accelerating its push toward becoming one of the world's first fully quantum-resistant blockchains, announcing…

1 week ago

CLARITY Act Gains Momentum as Senate Prepares for Critical Post-Recess Vote

The long-awaited Digital Asset Market CLARITY Act is moving closer to becoming law as momentum continues building…

1 week ago