The Bitcoin conference in Miami focused on the use cases of the Bitcoin network and the Lightning Network built on top of it to process faster payments.
Dorsey carried back the experience of lightning-fast payments and in a recent tweet noted that it is only “a matter of time” before social media platforms like BlueSky or Twitter integrate it.
However, once the application is integrated on social media platforms, the adoption could see a much faster pace.
The attached chart also revealed that the nodes that were open for payments had surged in August 2020, with the same seeing a continuous push upwards since.
This would not only help in the adoption of the Lightning Network but also prove its use case in a country whose economy will be dependent on cryptocurrencies, along with the U.S.
Namrata is a full-time journalist at AMBCrypto covering the US and Indian market.
Disclaimer: AMBCrypto’s content is meant to be informational in nature and should not be interpreted as investment advice.