Former Twitter CEO Jack Dorsey’s Block team announced that the company’s TBD business unit is planning to build a Bitcoin Lightning infrastructure.
Block product designer Nick Slaney said he will be leaving the wallet team to join a dedicated team focused on building the Lightning Network infrastructure.
Our goal is not only to build the required tools and infrastructure for our product, but also to be a complement to the entire Lightning Network ecosystem. It’s important to build the infrastructure and tools to get the world into the Lightning Network (especially non-custodial).
This is an investment in the future of world payments. The team announced that, like Block’s other Bitcoin-focused products, plans to develop the Lightning Network infrastructure will incorporate plans and input from the community, as well as ideas from different bright minds in the crypto space.