Cash App and Chivo help drive Lightning payment volume up 400%

2022.04.14 08:15

Cash App and Chivo help drive Lightning payment volume up 400%

A new report highlights how the Lightning Network has grown in popularity as a way of transferring digital assets quickly and efficiently around the globe.

CNBC today told the story of Alena Vorobiova, a Ukrainian refugee currently seeking sanctuary in Poland. Vorobiova used Lightning to transfer $100 worth of Bitcoin from Miami, where it was then withdrawn from an ATM in the equivalent Polish currency — all within the space of three minutes.

The State of Lightning Vol. 2 Report: Arcane Research

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