2 years ago
Bitcoin payments infrastructure level OpenNode has partnered with Lemon Cash, a fashionable cryptocurrency wallet supplier successful Latin America.
Through the partnership, OpenNode volition integrate Lightning Network into the wallet, providing entree to accelerated and inexpensive Bitcoin transactions to its 1 cardinal customers.
Josh Held, caput of strategy astatine OpenNode, said:
“This concern is yet different illustration of our capableness and content successful Bitcoin arsenic the caller basal furniture for planetary payments… We’re arrogant to enactment Lemon’s mission, its tendency to standard and payment its customers, and yet the maturation of the Bitcoin system successful Latin America and beyond.”
Lemon Cash is considered to beryllium the fastest-growing crypto startup successful Latin America. The institution offers users a fiat-to-crypto speech and cryptocurrency wallet and has attracted good implicit a cardinal users successful Argentina alone.
While Latin America has 1 of the highest cryptocurrency adoption rates successful the world, Argentina stands retired from astir of its neighbors some successful presumption of the wide fig of users and the fig of transactions processed.
Argentina’s crypto adoption is simply a effect of much than conscionable a fascination with caller exertion — the country’s soaring ostentation and volatile fiscal strategy person pushed its citizens to question stableness successful cryptocurrencies. According to a caller report from Reuters, the rolling 12-month ostentation complaint reached 60% successful May. The yearly ostentation complaint is expected to apical 70% astatine the extremity of the year.
Borja Martel Seward, the co-founder of Lemon Cash, said that introducing the Lightning Network to its customers volition assistance the institution marque crypto much usable and accessible successful Latin America. Earlier successful March, Lemon Cash expanded to Brazil and announced plans to present a cryptocurrency paper successful 2022.
OpenNode has been moving connected expanding the usage cases for the Lightning Network since 2017. Held said that joining forces with a level arsenic ample arsenic Lemon Cash volition assistance it execute its ngo to make a global payments system based connected Bitcoin. He added that:
“This concern is yet different illustration of our capableness and content successful Bitcoin arsenic the caller basal furniture for planetary payments.”
The station OpenNode partners Lemon Cash to springiness Argentinians entree to Bitcoin’s Lightning Network appeared archetypal connected CryptoSlate.
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