Bitso, a leading Latin American cryptocurrency platform, has announced its partnership with Lightspark to incorporate the Bitcoin Lightning Network into its services. This integration aims to enhance the speed and affordability of bitcoin transactions for Bitso’s users.
Bitso Integrates Lightspark for Bitcoin Lightning Network
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Bitso Adds Lightning Support via Lightspark
The integration of Lightspark Connect will allow Bitso‘s 8 million retail customers and 1,700 enterprise clients to utilize the Bitcoin Lightning Network for more efficient transactions. Bitso will manage the Lightning signing keys while Lightspark hosts the Lightning Node, ensuring a scalable and optimized infrastructure. This move is expected to bolster Bitso’s existing payment systems and promote innovative payment solutions within the region.
“We’re thrilled to partner with Lightspark to bring Lightning to our platform. This advances our mission of making crypto useful by delivering faster, more cost-effective, and transparent money transfers to both our retail and business customers. We’re excited to continue redefining money and the financial system of Latam through magical experiences,” Daniel Vogel, the co-founder and CEO of Bitso stated.
According to Bitso’s Crypto Landscape report, bitcoin ( BTC) is a dominant component of digital wallets in Latin America, with significant usage in Mexico and Brazil. By leveraging Lightspark’s technology, Bitso aims to facilitate near-instant BTC payments, trading, and cash-out options, enhancing the overall user experience. Last month Nubank partnered with Lightspark for Lightning Network integration as well.
What do you think about Bitso and Lightspark partnering? Share your thoughts and opinions about this subject in the comments section below.
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