The third feature Cash App announced at the Miami bitcoin conference was “Lightning Network Receives” with a seamless Bitcoin UX. The Bitcoin UX will leverage unified QR codes that utilize the Bitcoin Improvement Proposal BIP 21.
The QR code can combine both Lightning Network invoices and onchain information to make the process easier for Cash App users. Cash App already allowed LN payments since its introduction in January, but now users can leverage unified QR receive codes in order to accept LN payments directly. The move by Cash App follows the Atlanta-based payment processor BitpayThe Cash App news follows the firm’s issues with a former employee that caused a.
The report from the Block claims that the download took place after the employee left the company. While the downloaded data does not contain bank info, usernames, passwords, or social security numbers, the information did contain the users’ brokerage account numbers and full names.
Source: News Formal (newsformal.com)
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