Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻
Athena Bitcoin Global and Genesis Coin Inc. Team Up to Launch Lightning Network for Bitcoin ATMs in El Salvador and Latin America
Athena Bitcoin Global and Genesis Coin Inc. announced they have enabled Lightning Network technology across their technology infrastructure in El Salvador and Latin America. The incorporation of Lightning Network as an option is a major enhancement for customers using Athena Bitcoin and Chivo-branded kiosks in El Salvador and Latin America, providing faster withdrawals and minimizing fees. The upgrade will be rolled out progressively, starting with Chivo Bitcoin ATMs in El Salvador.
One hundred machines will be Lightning Network-enabled by the end of December 2023 and the remaining kiosks will follow in the first quarter of 2024. Chivo is the official Bitcoin wallet of the Salvadoran government, which Athena Bitcoin supports through its technology and infrastructure. In addition, Athena Bitcoin will extend this technology to its own branded machines in El Salvador and throughout Latin America, providing its customers across the region the opportunity to enjoy faster and more efficient transactions.
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Athena Bitcoin Global and Genesis Coin Inc. announced they have enabled Lightning Network technology across their technology infrastructure in El Salvador and Latin America. The incorporation of Lightning Network as an option is a major enhancement for customers using Athena Bitcoin and Chivo-branded kiosks in El Salvador and Latin America, providing faster withdrawals and minimizing fees. The upgrade will be rolled out progressively, starting with Chivo Bitcoin ATMs in El Salvador.
One hundred machines will be Lightning Network-enabled by the end of December 2023 and the remaining kiosks will follow in the first quarter of 2024. Chivo is the official Bitcoin wallet of the Salvadoran government, which Athena Bitcoin supports through its technology and infrastructure. In addition, Athena Bitcoin will extend this technology to its own branded machines in El Salvador and throughout Latin America, providing its customers across the region the opportunity to enjoy faster and more efficient transactions.
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Wow, this is a great news, it shows that the system keeps improving every day, and with these improvements, in no time its adoption would spread all over the world. What really excites me the most is the fact that as the network gets faster, the transaction fees also reduce. Thus, increasing it trading volume and market cap, the decision El Salvador made by accepting Bitcoin as a legal tender is one of the best decision they have taken so far, just watch and see the improvement of their economy since they adopted Bitcoin, it has been a Wow. I believe from this upgrade other nation too would learn and see how important Bitcoin is to their economy and daily lives.