Question: what do Twitter, Square and Lightning Labs all have in common?Answer: Jack Dorsey and the future of the Lighting Network.
Jack Dorsey is the CEO of Twitter, CEO of Square/Cash App, and a major investor in Lightning Labs.
On February 5, 2020 Lightning Labs announced a $10 million Series A investment round. Lightning Labs has three products: a lightning network server (LND), a lightning network client specification (Neutrino), and a lightning payment channel service (Loop).
The combination of consumers from Twitter, merchants from Square, and technology from Lightning Labs should be the perfect trifecta for sparking significant growth in the lightning network over the next few years.
Here are the numbers. Twitter has over 300 million users worldwide. There are several million Square merchants and the Cash App consumer application has over 15 million users.
The lightning network will be the ‘killer app’ that drives Bitcoin adoption.