![]() Cash App uses the Lightning Development Kit, which was built by Spiral, another crypto unit within Block.That allows for fee-free payments to other Lightning-compatible crypto wallets. Block’s Cash App recently adopted Lightning, promising to roll it out to all of its users over the coming weeks.In 2018, Dorsey made an investment in Lightning Labs, an open-source company working on Lightning.That means he’s got to make bitcoin work. The Block CEO is a big believer in bitcoin, to the point that he dismisses other cryptocurrencies. The biggest name backing Lightning is Jack Dorsey. Now the question is whether the upgrade to Lightning can recapture bitcoin’s potential.This approach is faster and cheaper - and it also reduces energy usage, a major criticism of bitcoin.Lightning processes payments off-chain, later grouping them together and adding them back to the bitcoin blockchain.The newer technology built on top of the underlying bitcoin blockchain bypasses some of those obstacles. There’s an answer, some advocates say: Lightning. Why would you want to part with your bitcoin if you thought it would go up in value? (That Subway sandwich would cost $1,500 today.) Another big reason why bitcoin didn’t supplant Visa and Mastercard: Though the price has come down, the average transaction costs nearly $2, which is prohibitive for a lot of purchases. As interest in bitcoin among retailers faded, enthusiasm from speculators grew. Buzz around bitcoin for everyday purchases was building by 2013, when you could hunt around and find, say, a Subway restaurant that would exchange 0.04 BTC for a chicken bacon ranch sub. It’s especially confounding given how long bitcoin has been around. GST collections touch record high of Rs 1.For crypto to go mainstream, it needs an easy, cheap and fast way to make payments. ![]() JPMorgan buys First Republic, US's 2nd biggest bank failure.Go First files for bankruptcy, blames US engine maker.For the latest crypto news and investment tips, follow our Cryptocurrency page and for live cryptocurrency price updates, click here. * However, new users will have to pay with a traditional payment method first time and one from the next month the crypto payment option will be made available to the new monthly subscriber. * Currently, Sling TV users having an existing monthly subscription can pay with digital currencies. * Payment provider Bitpay will help users select and pay for their favorite digital streaming service with their chosen digital currency. * Consumers would be able to use cryptocurrencies for paying their monthly subscription from this week onwards. * The announcement of the partnership lauds cryptocurrencies which helps in fulfilling the goal of the company to offer choice and convenience to its users and in the check-out process. * In addition to this, Sling users will also have the option to pay with stablecoins such as GUSD, USDC, USDP, DAI, and BUSD. The announcement explained the following provisions for its customers after signing partnership with Bitpay : * Monthly subscribers of Sling TV can pay for their subscription with bitcoin (BTC), bitcoin cash (BCH), ethereum (ETH), wrapped bitcoin (WBTC), dogecoin (DOGE), and litecoin (LTC). The streaming TV service will optimize Bitpay for this service and will accept seven different cryptocurrencies and five stablecoins. Sling TV announced the new initiative on February 18, reported. Sling TV is a wholly-owned subsidiary of Dish Network, the direct-broadcast satellite provider which also accepts crypto payments for subscription services. ![]() American streaming television service Sling TV has partnered with Atlanta-based cryptocurrency service provider Bitpay for accepting cryptocurrency payments from customers for monthly subscriptions.
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