Crypto Market News: In a major breakthrough for crypto market participants in Mexico, a top internet service provider integrate Bitcoin Lightning payments. The development comes just few days after Microstrategy founder Michael Saylor announced plans to leverage the Bitcoin Lightning Network in the corporate world. The tech company, which is the largest institutional Bitcoin holder, announced that it was planning to launch a product suite with a Bitcoin (BTC) wallet and a Lightning address to corporate accounts holders.
The latest development in Mexico marks yet another move towards complete institutional adoption for the top cryptocurrency. The Bitcoin Lightning network is a layer 2 solution on top of the native blockchain. The Lightning network uses micropayment channels to leverage the native Bitcoin for performing transactions more efficiently and at lower costs.
Mexico Users Can Now Pay Internet Bills In BTC
On Thursday, Total Play, one of the top internet providers in the North American country, integrated the BTC Lightning based payments. The internet provider enabled a simple payments dashboard that asks user to chose between on chain Bitcoin payment and BTC Lightning payment. This could go on to be a significant development in the United States’ neighboring nation, as mainstream Bitcoin usage could further educate people on crypto use cases. According to the DB-IP, Total Play Telecommunications stands at rank 8 in the list of top 20 organizations with the largest IP allocations in Mexico.
BREAKING: 🇲🇽 One of Mexico’s largest internet providers Total Play integrated #Bitcoin Lightning payments 🙌 pic.twitter.com/DKqfHCQ0ie
— Bitcoin Magazine (@BitcoinMagazine) May 18, 2023
Meanwhile, the Lightning Network solution can be used as a stop gap measure in situations where on chain transactions are suspended due to technical difficulties. Recently, top crypto exchange Binance said it plans to enable BTC Lightning Network withdrawals to help in cases where on chain withdrawals come to a halt.
Disclaimer: CryptoNewsBook is an online aggregator that fetches latest crypto news from different sources. This article is provided for general information purposes ONLY and contains data fetched from third party sources; hence, we do not endorse its accuracy. For more details, kindly visit The Source. Please report any fake news or false statement to Our Support Team. If you are the original owner of this content and wish it to be removed on this platform, kindly forward your request to Our Support Team.
Also Note: Cryptocurrencies are unregulated, and no part of this article should be understood nor interpreted as a recommendation/advice. #s4
