Cash App Introduces Stablecoin Payments via Solana Network
- Jack Dorsey’s Cash App announced a new feature allowing users to send stablecoins starting in 2026.
- The feature will initially utilize the Solana network, known for its fast and inexpensive transactions.
- Cash App plans to support multiple stablecoins and networks in the future.
- A new Bitcoin feature will enable payments via the Lightning Network, allowing USD to be converted into Bitcoin for merchants.
- Block’s Bitcoin Product Lead stated that Cash App v2 is being built on Bitcoin infrastructure.
Cash App, part of Block, is expanding its cryptocurrency offerings with a stablecoin feature leveraging Solana’s network for quick and cost-effective transactions. This move aligns with Jack Dorsey’s vision of integrating digital currencies into everyday financial activities.
(Source)
