Block Inc.-owned (NYSE:SQ) crypto-friendly financial services app Cash App led by former Twitter CEO Jack Dorsey just rolled out support for the Bitcoin (CRYPTO: BTC) lightning network, enabling free and near-instant BTC transfers.
What Happened: In an announcement published on Monday on Twitter, Cash App writes that the Lightning Network "is now available" and describes it as "the fastest, free way to pay anyone in Bitcoin."
Lightning Network is a Bitcoin scalability solution that aims to scale the coin from about 7 transactions per second to possibly millions and drastically reduce transaction costs, making it an attractive option for most applications.
