Cryptocurrency News

Jack Dorsey says he will integrate Lightning Network into Twitter or BlueSky

Jack Dorsey, co-founder of social media network Twitter and financial services company Square, has confirmed that he plans to integrate Bitcoin’s Lightning Network sidechain with at least one of his businesses.

On June 11, Dorsey responded to a question from Twitter user “deyonte” who requested that Dorsey integrate the Lightning Network into Twitter or BlueSky – decentralized social network Twitter has dedicated manpower for development since 2019.

In response, Dorsey replied, “It’s only a matter of time.”

Dorsey’s comment appears to be intentionally vague, with the comment appearing open to interpretation confirming that BlueSky or Twitter, or even both companies, are eyeing Lightning integration.

Twitter user “mklad” also suggested that Dorsey’s pro-lightning comment may be related to Square’s recent remarks. earning Jay-Z’s failed music streaming platform, Tidal.

Dorsey’s tweet comes amid recent moves by Square to expand its digital asset operations.

Earlier this month, Dorsey revealed that Square intends to develop an open-source non-custodial bitcoin hardware wallet. The next day, Cointelegraph reported that Square revealed a partnership with blockchain infrastructure firm Blockstream, in which Square planned to invest $5 million. Solar powered bitcoin mining facility.

related: Green bitcoin: the impact and importance of energy use for PoW

Dorsey has long argued that bitcoin mining encourages adoption and innovation in renewable energy, with square to $10 million Towards his Bitcoin Clean Energy Investment Initiative in December.