Jack Dorsey’s TBD Releases C= to Improve Bitcoin Lightning Network

TBD, a CEO-led division of Block (formerly Square). Jack Dorseylaunched a new venture called c= (pronounced c equal) to improve the Bitcoin Lightning network through tools and services.

The Lightning Network (LN) is a Layer 2 payment network created to facilitate the mass adoption of Bitcoin (BTC), enabling faster, cheaper and more reliable peer-to-peer payments. However, c= aims to expand LN’s reach through added liquidity and routing services.

Since its launch, LN’s liquidity and capacity have witnessed organic growth through real-world adoption. In addition, services like c= offer incremental upgrades to support the continued adoption of Bitcoin worldwide.

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

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

“We want to meet you where your lightning needs are. Are you a business that wants to accept Lightning payments? Wallet in need of channels or inbound for your customers? A seasoned plebnet veteran looking for your next big source?’

Tier 2 services that collectively improve Bitcoin operations make it easier for people to adopt the ecosystem into their lives. If you want to accept Bitcoin as payment for your services, read on Cointelegraph guide on how to get paid in BTC.

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Jack Dorsey’s popular payments venture Cash App recently integrated crypto tax and accounting software TaxBit into its services. The move allows bitcoin users an easy way to report taxes.

As Cointelegraph reported, Cash App launched its Bitcoin trading services in 2018 and released BTC deposits the following year. The company claims to have over 10 million Bitcoin users.