TBD, a division of Block (formerly Square) led by CEO Jack Dorsey, launched a new venture called c= (pronounced the same c) to improve the Bitcoin Lightning Network through devices and services.
The Lightning Network (LN) is a layer 2 payment network built to facilitate the adoption of Bitcoin (BTC) by enabling faster, cheaper and more reliable peer-to-peer payments. However, c= aims to reach LN through additional liquidity and route services.
⚡️Hello world. met TBD @c_padha: https://t.co/j5ZYJmtS3J #lightning
— TBD (@TBD54566975) March 2, 2023
Since its launch, LN’s liquidity and capacity have witnessed organic growth through real-world adoption. In addition, services like c= offer additional upgrades to support the continued adoption of Bitcoin globally.
Through liquidity, services and infrastructure, c= provides wallet users, businesses and lightning node operators with faster and cheaper payments. The official announcement is:
“Want to meet you where your lightning needs are. Are you a business that wants to accept Lightning payments? A wallet that requires channels or logins for customers? Plebnet veterans struggling to find the next big source?”
Layer 2 services simultaneously enhance Bitcoin operations making it easier for people to use the ecosystem into their lives. If you want to accept Bitcoin as payment for your services, read Cointelegraph’s guide on how to pay in BTC.
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Jack Dorsey’s popular payment venture Cash App has recently integrated crypto tax and accounting software TaxBit into its services. The move allows Bitcoin users an easy way to report their taxes.
As reported by Cointelegraph, Cash App launched its Bitcoin trading service in 2018 and issued BTC deposits the following year. The company claims to have more than 10 million Bitcoin users.