Tauros, IBEX Mercado Partner For Mexico’s First Lightning-Enabled Bitcoin Exchange

2 years ago
  • Tauros has go the archetypal Lightning-enabled bitcoin speech successful Mexico.
  • The Lightning Network functionality was achieved done a concern with IBEX Mercado, a Lightning infrastructure company.
  • Tauros users volition beryllium capable to interact with Lightning-enabled POS systems straight from their wallets with astir instant colony and debased fees.

Tauros has go the archetypal Lightning-enabled bitcoin speech successful Mexico acknowledgment to a caller concern with IBEX Mercado, according to a property merchandise sent to Bitcoin Magazine.

“Lightning is starring the astir extremist fiscal empowerment successful past and volition acceptable a caller modular for the remainder of the networks successful the market. Bitcoin is the king of integer transactions, but without Lightning it’s stuck successful the fiscal dilatory lane,” said Salvador Melendez, CEO of Tauros.

Users of Tauros volition beryllium capable to nonstop bitcoin implicit the Lightning web astir instantaneously with astir non-existent fees acknowledgment to the low-cost quality of the Lightning Network. Through IBEXHub, IBEX’s Lightning-as-a-Service technology, anyone utilizing Tauros volition besides beryllium capable to deposit oregon retreat funds astir immediately.

Customers of Tauros interacting with a Lightning-enabled constituent of merchantability (POS) volition beryllium capable to marque purchases straight from their Tauros wallet successful their section currency. Lightning allows businesses to judge these transactions and take whether oregon not they privation to person bitcoin oregon fiat currency, a diagnostic brought to the satellite signifier astatine Bitcoin 2022 erstwhile the CEO of Strike, a Lightning infrastructure company, announced the functionality.

“If 2021 was the twelvemonth that Lightning burst into the Bitcoin ecosystem, 2022 volition beryllium remembered arsenic the twelvemonth Bitcoin genuinely became transactional and started transforming people’s fiscal lives,” said Mario Aguiluz, VP of Latin America (LATAM) astatine Ibex Mercado. “Pioneering exchanges similar Tauros are delivering the aboriginal of bitcoin, contiguous - and that’s sending shockwaves done the fiscal ecosystem.”

Mexico is rapidly entering the bitcoin abstraction but historically has been held backmost from full-adoption owed to fees and transportation time, according to the property release. This has mostly near Bitcoiners successful Mexico relying connected the store-of-value usage case, alternatively than utilizing it arsenic a viable signifier of currency. The concern betwixt IBEX and Tauros looks to alteration that.

“By harnessing Lightning to marque Bitcoin transactions simple, seamless, affordable and inclusive, exchanges similar Tauros are showing the mode for banks and different fiscal institutions, who present tin supply services to the 4 cardinal un- and under-banked radical successful the world,” Aguiluz continued. “As we saw astatine Bitcoin 2022, banks and different fiscal work providers are incredibly excited astir the imaginable of Lightning.”

View source