Cash App Now Allows People to Use Bitcoin via Lightning Network

February 9, 2022 at 06:44 AM GST 1 min read Bitcoin News

Cash App has now integrated Bitcoin payments into its app through the Lightning Network.
The recent update will enable more than 30 million users to pay for services or money transfer through Bitcoin.
On the other hand, Bitcoin failed to breach the $45,500 resistance level.

Mobile payments platform Cash App recently announced that it has integrated the Bitcoin Lightning Network. This means that more than 30 million of its users will now have access to Bitcoin payments via the Lightning Network.

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Lightning Network is now available on Cash App. It's the fastest, free way to pay anyone in bitcoin.

Buy tacos, tip your favorite Twitter comedian, or send a friend money abroad—anywhere that accepts lightning. pic.twitter.com/65TXSJ6yL6
— Cash App (@CashApp) February 7, 2022

To be clear, customers can pay using Bitcoin to stores that enable the use of the Lightning Network.

Meanwhile, Bitcoin price seems to have hit a brick wall after a continuous surge from sub-$38,000 until $45,500.

BTC/USDT 1-hr chart (source: TradingView)

As seen on the chart above, Bitcoin had a continuous rally until it hit the ceiling at $45,500. Traders were quick to sell after realizing that Bitcoin has run out of gas temporarily.

Meanwhile, Bitcoin price is now in a correction. Time will tell whether the market will go sideways or if the bulls will find their stride after a momentary rest. For the Bitcoin price increase to continue, the bulls will have to flip the $45,500 resistance into support.

At the time of writing, Bitcoin price is at $43,152.35, according to CoinGecko.