TBD, a division of Block (formerly Square) led by CEO Jack Dorsey, has launched a new company called c= (pronounced c the same) to improve the Bitcoin Lightning Network through tools and services.
The Lightning Network (LN) is a Layer 2 payment network built to facilitate the widespread adoption of Bitcoin (BTC) by enabling faster, cheaper, and more reliable peer-to-peer payments. However, c= aims to increase the reach of LN through additional liquidity and routing services.
⚡️hello world. comply with TBD @c_equals: https://t.co/j5ZYJmtS3J #lightning
— To be determined (@ TBD54566975) March 2, 2023
Since launch, LN liquidity and capacity have seen organic growth through real-world adoption. Additionally, services like c= offer incremental updates to support ongoing Bitcoin adoption globally.
Through liquidity, services and infrastructure, c= serves wallet users, businesses and lightning node operators for faster and cheaper payments. The official announcement said:
“We want to meet you where your lighting needs are. Are you a business looking to accept Lightning payments? A wallet that needs channels or input for your customers? A seasoned veteran of the mob looking for his next big source?
Layer 2 services that collectively enhance Bitcoin operations make it easier for people to embrace the ecosystem into their lives. If you want to accept Bitcoin as payment for your services, read Cointelegraph’s guide on how to get paid in BTC.
Related: Jack Dorsey’s decentralized Twitter rival enters the app store
Cash App, Jack Dorsey’s popular payments company, recently integrated TaxBit crypto tax and accounting software into its services. The move allows Bitcoin users an easy way to file taxes.
As Cointelegraph reported, Cash App launched its Bitcoin trading services in 2018 and launched BTC deposits the following year. The company claims to have more than 10 million Bitcoin users.
