Thursday, September 23, 2021
Home Crypto News Market Twitter CEO Jack Dorsey Says It’s Only “A Matter Of Time” Before...

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

- Advertisement -

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.

- Advertisement -
Albert Brownhttps://thecryptobasic.com/
Albert Brown has obtained his master's degree in Stock Trading And Investing. His specialty is analyzing the price actions of crypto and stock markets. Albert provides a major role in TheCryptoBasic as a crypto analyst. He is also known for his work on Twinkle Magazine and TipRanks.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

Twitter rolls out tips feature globally and adds bitcoin tipping via Lightning

After rumors swirled earlier this month, social media platform Twitter has officially rolled out its tips function worldwide — with a bitcoin integration included...

Biden Plans To Nominate A Major Critic Of Cryptocurrencies As A Top Wall Street Regulator

President Joe Biden may nominate a law professor famous for criticizing the cryptocurrency industry and cheering for the increased role of government in the banking and financial...

Bitcoin.Org Hacked By Scammers For Promoting Bitcoin Giveaways

Bitcoin.org, the first bitcoin educational website that was created in 2008, is believed to be in danger of being hacked for promoting untrue bitcoin...

Crypto Market Recovery In Process As China Injects $18.6 Billion to Bail Out Evergrande

Chinese real property giant Evergrande has defaulted on its debt payment, and fear of company’s payment default has resulted in an unintentional drop in...

Robinhood Bringing Long-Awaited Cryptocurrency Wallet And Transfer Features

Robinhood announced on Wednesday that it has implemented their long-awaited cryptocurrency wallet as well as transfer capabilities to enable customers to transfer and receive...

Here Is First Indication of Appearing Selling Pressure From Large Bitcoin Holders

According to data provided by OkLink, the number of large transactions rapidly spiked during the recent sell-off, which may be the first indication of appearing selling pressure from...

Is Crypto Investing legal in India? Here’s everything you need to know

Investments in cryptocurrency have gained a lot of momentum recently. At the beginning of the second quarter of FY’21-22, there were approximately 15 million...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.