The Mexican exchange implements the Lightning Network, allowing over 8 million users to make faster and cheaper bitcoin transactions.
On July 16, Bitso, one of the leading exchanges in Latin America, announced a strategic partnership with Lightspark to integrate the Lightning Network on its platform, used by over 8 million retail customers and 1,700 institutional clients.
Bitso will leverage Lightspark’s infrastructure to enable Lightning transfers: Lightspark will manage the nodes, while Bitso will retain control of the private keys through a remote signing system.
Regarding the collaboration, Daniel Vogel, co-founder and CEO of Bitso, stated:
“We’re thrilled to partner with Lightspark to bring Lightning to our platform. This advances our mission of making crypto useful by delivering faster, more cost-effective, and transparent money transfers to both our retail and business customers.“
David Marcus, CEO of Lightspark, stated:
“Bitso shares our vision of building open payments for the Internet. This partnership gets us closer to that goal. We know people across Latin America want this kind of money movement solution.”
