of Lightning network Coming to El Salvador.
Bitcoin ATM providers Athena and Genesis Coin today announced By the end of next month, they were installing the technology on 100 machines in the small Central American country. The rest of the machines will be equipped with the technology in the first quarter of 2024.
The Lightning Network – or Lightning – is a second-layer solution that runs on top of the main Bitcoin network to allow users to send and receive cryptocurrency quickly and cheaply. Multiple wallets and crypto exchange enabled.
As lightning strikes El Salvador in 2021, through the payment app Strike, the Salvadoran government plans to help citizens use Bitcoin. But the company pulled out of the project. Strike later moved its headquarters to El Salvador.
Genesis Coin President and Chief Strategist Doug Carrillo said in the announcement that the move will allow Salvadorans to keep more money in their pockets and make smaller and possibly more frequent transactions.
Bitcoin ATM They are machines that allow users to buy and sell Bitcoin. There are 215 machines scattered around El Salvador. basis to coin ATM radar data.
Many of the ATMs are manufactured by the Salvadoran Chivo. Government Bitcoin wallet brand. When Lightning is installed on them, the idea is that users can buy or sell crypto with small fees.
The hunter He made a legal bid for the property In the year In 2021, Naib Bukele, the country's social media vigilant leader, presented the idea. announced It's at the Bitcoin 2021 conference in Miami.
Salvadorans were given $30 in Bitcoin as part of the movement; They receive the cryptocurrency through a Chivo wallet installed on their phone or by visiting Bitcoin ATMs.
When Decrypt He visited El Salvador In the year In 2021, many businesses won't accept cryptocurrencies — outside of major franchises like McDonald's and Starbucks — and Salvadorans told us they spent free bitcoins to pay for goods.
Although President Bukele is popular in El Salvador and one of the most popular presidents in the region, Bitcoin has yet to take off in the tiny country. basis to surveys.
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