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Latin America’s leading crypto exchange, Bitso, has announced a strategic partnership with Lightspark to integrate the Bitcoin Lightning Network, promising near-instant Bitcoin transactions for its massive user base. This collaboration is set to revolutionize the experience for over 8 million retail clients and 1,700 institutional customers by offering faster, more affordable transfers. With 53% of Latin American crypto wallets holding Bitcoin, this move aligns perfectly with regional trends.
The implementation leverages Lightspark’s advanced infrastructure while maintaining security, as Bitso controls the private keys through a remote signing setup. This integration marks a significant stride in global adoption of the Lightning Network, which enhances Bitcoin transactions making them smoother and cheaper.
Daniel Vogel, Bitso’s CEO, expressed excitement about the partnership, emphasizing its alignment with Bitso’s mission to make crypto transactions more practical and economical. Lightspark CEO David Marcus also highlighted the shared vision of crafting open payment networks, signaling a breakthrough for Bitcoin usage across Latin America.
