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Jack Dorsey: Integration of the Lightning Network into the Squares Cash App – a matter of time

The head of Twitter and Square Payment service, Jack Dorsey, said that he considered it only a matter of time to integrate the Bitcoin microtransaction protocol into the Cash App, Cointelegraph reports. He said this in an interview for a podcast about Bitcoin, which is conducted by Stefan Leiver. Elizabeth Stark, CEO of Lightning Labs, was another interviewee for the presenter. SLP52 @jack (CEO @square) & @starkness […]

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The head of Twitter and Square Payment service, Jack Dorsey, said that he considered it only a matter of time to integrate the Bitcoin microtransaction protocol into the Cash App, Cointelegraph reports .

He said this in an interview for a podcast about Bitcoin, which is conducted by Stefan Leiver. Elizabeth Stark, CEO of Lightning Labs, was another interviewee for the presenter.

In particular, answering the question about the possible implementation of the Lightning Network in the Cash App, which in December 2018 became the most popular financial application on Google Play, Jack Dorsey said:

“We want to create a huge trading network of very different enterprises […] We would like to see Bitcoin payments to be fast and efficient … The question is not“ if ”, it is a matter of time.

Dorsey, who had previously stated that Bitcoin will become the native currency of the Internet , also spoke about his admiration for the early movement of encryption and how he became acquainted with the “stunning, simple and beautiful” white paper bitcoin. It happened in 2013, when Square was also only at the very beginning of its journey. He also stressed that he puts Bitcoin alone in comparison with other Altcoins.

“It seems to me that this [Bitcoin] is exactly what is best for a currency. This is when compared with other [cryptocurrencies] that offer more general things or distributed computing. I think this [altcoin space] has generated a lot of great ideas, but I focus on the currency and transactional aspect, ” said Dorsey.

According to the results of the third quarter of 2018, Square's profit from the sale of Bitcoin was $ 43 million, while in the previous quarter this amount was $ 37 million . In addition, in November, Square bypassed Twitter.

In January, 2018 Square made the purchase and sale of Bitcoin available to almost all US citizens, with the exception of Wyoming, New York and two more states. However, already in June, Square received BitLicens e, a special license that allows them to operate in New York State, and in August announced that this opportunity is available throughout the United States.

In addition, last year, Square patented a blockchain technology for fast cryptocurrency payments, and also released the source code for offline storage for bitcoins.

Jack Dorsey himself took part in the Lightning Torch relay last week, designed to demonstrate the simplicity and convenience of the protocol to the public.

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ARK Invest Deshace Acciones de Coinbase y GBTC por Millones en Medio del Auge del Mercado

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ARK Invest: $33 Millones en Acciones de Coinbase y $5.9 Millones en GBTC

ARK Invest, liderada por Cathie Wood, continúa navegando sus movimientos estratégicos de acciones en el mercado, realizando ventas destacadas de acciones de Coinbase y Grayscale Bitcoin Trust (GBTC) en medio del continuo aumento de los precios del mercado.

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El Descuento de GBTC se Reduce a Medida que Aumenta el Precio de Bitcoin

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El Descuento de GBTC se Reduce a Medida que Aumenta el Precio de Bitcoin

Grayscale Bitcoin Trust (GBTC), uno de los vehículos de inversión en criptomonedas más grandes y populares, ha visto su descuento reducirse significativamente en los últimos días a medida que los alcistas continúan elevando su precio. Según datos de Kaiko, una plataforma de inteligencia blockchain, el descuento del GBTC, que mide la diferencia entre el precio de mercado y el valor liquidativo (NAV) del fideicomiso, está en su nivel más estrecho en años, con solo el 8% hasta ayer. (más…)

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IBM Presenta OSO, Diseñada Para el Almacenamiento en Frío de Activos Digitales

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IBM presentó una nueva tecnología denominada «IBM Hyper Protect Offline Signing Orchestrator» (OSO), diseñada para gestionar activos digitales en almacenamiento en frío. Esta innovación surge como respuesta a los riesgos asociados con los procedimientos manuales y tiene como objetivo mantener los activos a una distancia segura de las conexiones a Internet. (más…)

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