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On Monday, January 10, Argentina-based mobile wallet company Belo announced that the platform has added support for the Lightning Network through a partnership with Bitcoin payment processor and infrastructure provider Opennode. The mobile app allows users to trade and trade in pesos, and now users can pay with bitcoin for transactions.
Belo partners with Opennode to launch Lightning Network support
Belo is an Argentine mobile wallet app founded by Manuel Beaudroit to “build a bridge” between the crypto world and life in the peso.On Monday, the company announced that it had partnered with Bitcoin (BTC) payment processor open node And the app will support Lightning Network. The Belo app is available for iOS and Android smartphones, and it also supports Ethereum and some stablecoins pegged to the dollar.
“Our partnership with Opennode is very important to our users,” Belo CEO Manuel Beaudroit said in a statement. “Our goal is to allow more and more people to learn and experience the potential and benefits of cryptocurrencies in their daily life in an easy way. With Belo, users only need one pesos to start saving money and start saving for 13 Buy cryptocurrencies in a way that everyone over the age of 10 can use and access, regardless of their purchasing power.”
Opennode exec expects ‘millions in Latin America’ to access Bitcoin
nice wallet Launched in 2020, Latin American residents have been able to access crypto assets through a mobile app and Mastercard.startup’s website Insist that anyone over the age of 13 can use the Belo mobile wallet app and pay in pesos or cryptocurrencies.
Julie Landrum, head of growth at Opennode, explained in the announcement that the company is looking forward to offering more financial options to Latin America. “We are very excited about the integration of Opennode with the Belo app, as it means millions of people in Latin America will have the ability to transact instantly using Bitcoin, furthering Bitcoin adoption in a region where Bitcoin is exploding,” Landrum commented.
As of this writing, it has ended 3,200 BTC locked In Lightning Network or $136.6 million. Lightning Network’s Total Value Locked (TVL) is 36.79% lower than when it reached $216.13 million on November 8, 2021.
What do you think about Belo App partnering with Opennode and integrating Lightning Network? Let us know what you think about this topic in the comments section below.
Image Source: Shutterstock, Pixabay, Wiki Commons
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