$ 23,462.29
$ 1,871.40
$ 1.00
$ 0.537854
$ 0.377577
$ 1.00

Bitcoin’s Lightning Network Now Available for Argentina From OpenNode Partnership With Lemon Cash

Rea Kolgeci

OpenNode, a supplier for Bitcoin payments, has teamed with Lemon Cash, a well-known Latin American bitcoin wallet service. The wallet’s cooperation with OpenNode allows over 1 million Lemon Cash users to now access Bitcoin’s Lightning Network.

“This partnership is yet another example of our capability and belief in Bitcoin as the new base layer for global payments… We’re proud to support Lemon’s mission and its desire to scale and benefit its customers. Ultimately the growth of the Bitcoin economy in Latin America and beyond,” – stated Josh Held, head of strategy at OpenNode.

The crypto company in Latin America with the quickest growth is thought to be Lemon Cash. The company, which has well over a million members in Argentina alone, provides consumers with a fiat-to-crypto exchange and a cryptocurrency wallet.

Argentina stands apart from most of its neighbors both in terms of the overall number of users and the number of transactions performed, despite the fact that Latin America has one of the highest rates of bitcoin adoption in the whole globe.

The nation’s residents are turning to cryptocurrencies in search of stability due to its high inflation and unstable financial system. Thus Argentina’s embrace of cryptocurrencies is the consequence of more than simply a fascination with new technology. According to a recent Reuters report, the rolling 12-month inflation rate hit 60%. At year’s end, the annual inflation rate is anticipated to reach 70%.

According to Borja Martel Seward, the co-founder of the company, the Lightning Network will help Lemon Cash make cryptocurrencies more useable and accessible in Latin America. Ambitions to launch a cryptocurrency card in 2022 while also expanding to Brazil were revealed by Lemon Cash earlier this year in May.

Since 2017, OpenNode has been trying to increase the use cases for the Lightning Network. Accomplishing the goal of developing a worldwide Bitcoin-based payment system will be easier when working with a platform like Lemon Cash, said Held.

Also read:

Related News

Ethereum’s Last Test Run Before the Biggest Crypto Event is Over.

The last practice run for Ethereum’s long-awaited update, which has been touted as one of the most significant events in the history of cryptocurrencies, was just completed.  The so-called proof-of-work technique has been used for mining Ethereum since the cryptocurrency was launched about a decade ago. It needs an excessive amount of energy as well as the solving of difficult mathematical problems by an enormous number of competing machines. The

Read More »

More trouble for Coinbase as the US Supreme Court rejects its appeal

The SEC is investigating Coinbase, the largest cryptocurrency exchange in the US, for allegedly listing securities on its platform. The Supreme Court’s denial of the exchange’s plea has caused yet another major problem. According to Bloomberg, the US Supreme Court rejected Coinbase’s request to submit its user disagreement to arbitration right now. It was said that the court’s request for the justices to intervene in the case was rejected. The

Read More »

Hodlnaut Has Become the Latest Crypto Lender Platform to Block Withdrawals

The cryptocurrency lending platform Hodlnaut, which is headquartered in Singapore, has halted withdrawals, token swaps, and deposits, blaming “current market circumstances.” This makes Hodlnaut the latest in a series of cryptocurrency companies to go out of business since May. According to the notice made on Monday, the business also stated that it will revoke its registration with the Monetary Authority of Singapore (MAS) to provide digital token payment services. According

Read More »

My Coins

$ 23,462.290.27%
$ 1,871.402.21%
$ 0.5378540%
$ 1.000.04%

Newest Videos on YouTube

We inform and educate people about Cryptocurrencies and Blockchain technology.

© Copyright 2021, All Rights Reserved,
Crypto Academy


Contact Us

For any question conatct us through:

[email protected]

Disclaimer: All information and materials on this website are for educational purposes only. does not provide any form of financial advice. Cryptocurrencies are highly volatile, therefore any form of investing carries a high level of risk to your capital. It is recommended that you seek professional advice prior to implementing any investment or financial plan.

We do not ask you for your Cryptocurrency / We do not hold your Coins / We do not ask for Private Keys / Be aware of scammers and imposters.

Contact us only through: [email protected]