Square Flies the Flag for the Lightning Network With 9.7% Yield on Bitcoin Holdings

Square, the payment platform owned by Jack Dorsey's company Block (XYZ) is earning a yield of 9.7% on its bitcoin holdings through running a node on the Lightning network. Block's Bitcoin product lead Miles Suter said that the firm is earning "real bitcoin returns from our corporate holdings...by efficiently routing real payments across the Lightning network," in an appearance at Bitcoin 2025 in Las Vegas on Wednesday. submitted by /u/wild_burro [link] [comments]

from Bitcoin - The Currency of the Internet https://ift.tt/12XzUTt