Cash App Джека Дорси готовится к внедрению USDC на Solana для мгновенных транзакций Translation: Jack Dorseys Cash App is preparing to implement USDC on Solana for instant transactions.

Bitcoin maximalist Jack Dorsey’s company Cash App will introduce payments using USDC based on the Solana ecosystem.

In a conversation with Decrypt, a representative from Block stated that the new feature is expected to launch next year.

“For the first time, Cash App will enable access to stablecoins, allowing users to send and receive digital dollars almost anywhere in just seconds,” the statement reads.

A video attached to the tweet showcases how CEO and co-founder of Circle, Jeremy Allaire, makes a payment in USDC on Solana.

Referred to as a «people’s cryptocurrency,» USDC ranks sixth by market capitalization according to CoinGecko. Its ecosystem is rich with popular DEXs, NFTs, and meme tokens. The total value locked (TVL) on the platform exceeds $9 billion, second only to Ethereum.

Cash App has also unveiled new functionality for Bitcoin transactions. Later this month, the service will enable payments via the Lightning Network. Even if a user does not own Bitcoin, they will have the option for businesses to receive the cryptocurrency instead of dollars.

“After the launch, customers will be able to convert USD into Bitcoin payments with a single touch,” company representatives stated.

They explained that after scanning a QR code, customers can choose the Cash option in the app. In this scenario, the funds will be deducted from the dollar balance, but the seller will still receive Bitcoin.

The Lightning Network allows for the rapid transfer of digital gold with minimal fees without using the main network.

Jack Dorsey, the founder of Twitter (now X), left the company in 2021 to focus on Bitcoin initiatives. He has repeatedly expressed his desire to make the first cryptocurrency a daily means of payment.

This year, Dorsey’s company Block launched a pilot project for real-time payments in digital gold within the Square app, utilizing Lightning Network technology.

On July 23, Block entered the S&P 500 index.

“We believe the first cryptocurrency is the future of the financial system, but for it to become everyday money, greater flexibility and ease of use are required,” said Miles Suter, head of Bitcoin at Block.

He added on X that Cash App 1.0 originally operates on fiat, while stablecoins represent a more advanced fintech infrastructure. Suter also noted that the implementation of the service is not tied to a specific network or asset.

“We are building Cash App v2 on Bitcoin,” emphasized the top executive.

It is worth recalling that in October, Dorsey rejected Bitcoin’s classification as a cryptocurrency, a post that sparked heated discussions within the community.