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Block, co-founded by Jack Dorsey, has released 11 transformative updates to its popular payment platform, Cash App, on Thursday. Among these new features are the activation of Bitcoin 
$90,357.50 Lightning Network and stablecoin payments. The company aims to adapt to the ways users earn, manage, and share money, encompassing over 150 enhancements.
Bitcoin Lightning Network Support and Instant Dollar Conversion
The new system in Cash App allows users to make payments through the Bitcoin Lightning Network. Notably, users are no longer required to own Bitcoin for this feature. They can convert their U.S. dollar balances into Bitcoin payments by scanning a Lightning QR code automatically. According to Block’s statement, users who directly choose U.S. dollars will benefit from the low fees and quick transfer advantages offered by the Lightning Network infrastructure.
Additionally, businesses working with Square can now receive payments in different currencies. Merchants have the option to transfer from U.S. dollars to BTC, from BTC to U.S. dollars, or within the same currency. This approach both expands the use of Bitcoin and ensures that Cash App plays a central role within the Block ecosystem.
Stablecoin Integration in Cash App
The integration of stablecoin support in Cash App coincides with a period of rapid adoption of digital dollars. The company announced that users could send and receive payments in cryptocurrencies pegged to the U.S. dollar. This offers a secure payment alternative for individuals sensitive to the volatility of cryptocurrencies.
Block executive Owen Jennings summarized the vision behind the update by stating, “The way people earn and manage money has changed, and traditional financial institutions have failed to keep up.” Jennings envisions Cash App as a financial bridge suitable for the modern economy.
Under Dorsey’s leadership, Block currently holds approximately 8,692 BTC, valued at around $858 million. The company’s announcement last month of a zero-commission BTC payment infrastructure by 2027 through Square Bitcoin is seen as part of this strategic expansion. Analysts regard Block’s move as one of the most critical tests for Bitcoin’s adoption in daily payments.
