Jack Dorsey’s TBD launches ‘C=’ to improve Bitcoin Lightning Network

TBD, a division of Block (formerly Square), led by CEO Jack Dorsey, has launched a new venture called c= (pronounced c equals) to improve the Bitcoin Lightning network with tools and services.

The Lightning Network (LN) is a layer 2 payment network built to facilitate the mass adoption of Bitcoin (BTC) through faster, cheaper, and more reliable peer-to-peer payments. However, c= seeks to expand LN coverage with additional liquidity and routing services.

Since launch, LN’s liquidity and capacity have seen organic growth through real-world adoption. In addition, services such as c= offer incremental updates to support the continued adoption of Bitcoin around the world.

A visual representation of the widespread adoption of Bitcoin Lightning. Source: c=

With liquidity, services and infrastructure, c= serves wallet users, businesses and lightning node operators for faster and cheaper payments. The official announcement read:

“We want to meet you where you need lightning. Are you a company that wants to accept Lightning payments? Does the wallet need channels or incoming channels for your customers? A hardened plebnet veteran looking for your next big source?

Layer 2 services that collectively improve Bitcoin operations make it easier for people to integrate the ecosystem into their lives. If you want to accept bitcoin as payment for your services, read Cryptooshala’s guide on how to get paid in bitcoin.

Jack Dorsey’s decentralized competitor on Twitter enters the app store

Jack Dorsey’s popular payment venture Cash App recently integrated TaxBit’s cryptocurrency taxation and accounting software into its services. This move allows Bitcoin users to easily report taxes.

As Cryptooshala reported, Cash App launched its bitcoin trading services in 2018 and rolled out BTC deposits the following year. The company claims to have over 10 million bitcoin users.

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