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Twitter CEO Jack Dorsey Says It’s Only “A Matter Of Time” Before Twitter Integrates Bitcoin Lightning Network

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In a recent tweet, Twitter CEO Jack Dorsey says it’s only “a matter of time” before the social media giant Twitter integrates the Lightning Network, a layer-two scaling solution built on top of the Bitcoin blockchain.


The popular protocol will likely be used for micropayments on Twitter, but Dorsey is yet to provide any details about the integration.

On June 11, Dorsey responded to a question from Twitter user “deyonté,” who had requested that Dorsey should integrate the Lightning Network into Twitter or BlueSky — the decentralized social network, Twitter has devoted manpower to developing since 2019.

Twitter CEO Responded:

 

Earlier Dorsey’s payment company Square is considering developing its own Bitcoin hardware wallet.

Square revealed a partnership with blockchain infrastructure firm Blockstream, planning to invest $5 million into a solar-powered Bitcoin mining facility.

 

Over the past few years, the Lightning Network has made significant strides in terms of adoption, with Bitfinex becoming the first major exchange to integrate it in late 2019. Kraken also plans to add such functionality in 2021.

On top of that, merchants in El Salvador may also accept payments over Lightning, which will give a major adoption to the BTC Lightning Network.

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Disclaimer

The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Albert
Albert Brownhttps://thecryptobasic.com/
Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. As a journalist, Brown has written on several crypto-related topics that have been referenced by popular industry players like Tyler Winklevoss, Binance CZ, etc.

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