Latin America’s leading cryptocurrency exchange Bizzo has partnered with Lightspark to integrate the Bitcoin Lightning Network into its platform, introducing faster and cheaper Bitcoin transactions to Bitso’s user base of over 8 million retail and 1,700 corporate clients.
Bitso will take advantage Light Spark The infrastructure that makes Lightning transfer possible. Lightspark hosts the nodes and Bitso maintains control of the private keys in a remote signing configuration.
Integration is Lightning Network Adoption will spread globally, making payments with Bitcoin faster, smoother and cheaper.
According to a Bitso survey, 53% of cryptocurrency wallets in the U.S. latin america It holds Bitcoin and has widely used trading pairs with local fiat currencies, so Lightning is a natural fit to upgrade Bitso’s existing infrastructure.
“We are excited to partner with Lightspark to bring Lightning to our platform, enabling faster, cost-effective and transparent payments, furthering our mission to make cryptocurrency useful,” said Daniel Vogel, co-founder and CEO of Bitso.
Lightning allows Bitso to offer near-instant Bitcoin transactions at a fraction of the cost of regular on-chain Bitcoin payments, opening up new potential payment and remittance solutions for both retail and enterprise clients.
CEO of LightSpark David Marcus “Bitso shares our vision of building open payments on the internet, and this acquisition brings us one step closer to that goal. We know that people across Latin America want this solution,” said Bitso.
Bitso, a pioneering exchange in Latin America with millions of users, has announced that its Lightning integration marks a milestone in the growing adoption of Bitcoin.
