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

Jack Dorsey's Cash App is set to introduce a new stablecoin feature that allows users to send stablecoins, leveraging Solana's network for faster and cheaper transactions. The service will support multiple stablecoins and is expected to launch in 2026. This new functionality will enable customers to send and receive digital dollars almost instantly. Despite Dorsey's strong advocacy for Bitcoin, the decision to use Solana for stablecoin transactions aligns with the growing trend among financial institutions to explore digital currency infrastructure. Additionally, Cash App is rolling out new Bitcoin features, including enabling payments via the Lightning Network, allowing non-Bitcoin holders to transact seamlessly. Dorsey emphasizes the need for greater flexibility in cryptocurrency usage to fully realize Bitcoin's potential as everyday money. This development comes alongside a broader push towards stablecoin regulation and adoption among various sectors, including major corporations and government entities.

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