Bitcoin Maxi Jack Dorsey Embraces Stablecoin Payments in Cash App—On Solana

Jack Dorsey's Cash App has announced a new stablecoin feature that will allow users to send digital tokens using multiple stablecoins and networks, set to launch in 2026. While known for being a strong Bitcoin advocate, Dorsey's Cash App will initially operate on the Solana blockchain, recognized for its rapid and cost-effective transactions. Solana’s public relations confirmed that it will support payments through Cash App, showcasing a demonstration by Circle’s CEO with the USDC stablecoin. This move aligns with the growing trend of stablecoins, which are pegged to fiat currencies, gaining momentum following regulatory advancements in the space. Additionally, Cash App is enhancing its Bitcoin capabilities, incorporating the Lightning Network to facilitate faster and cheaper Bitcoin transactions for users, even if they don’t personally hold Bitcoin. Dorsey aims to make Bitcoin a viable daily payment option, emphasizing the app's evolving features designed to integrate both stablecoins and cryptocurrencies.

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