On Monday, January 10, Argentina-based mobile wallet company Belo announced that the platform added support for the Lightning network by partnering with bitcoin payment processor and infrastructure provider Opennode. The mobile app allows users to trade and transact in pesos, and users can now transact with bitcoin payments in the future.
Belo partners with Opennode and presents Lightning Network support
Belo, the Argentinian mobile wallet application founded by Manuel Beaudroit aims to “create a bridge” between the world of crypto and life in pesos. On Monday, the company announced its partnership with bitcoin (BTC) payment processor Opennode and the app will support the Lightning network. The Belo app is available for iOS and Android smartphones and also supports Ethereum and some stable coins pegged to the US dollar.
“Our partnership with Opennode is extremely important to our users,” said Manuel Beaudroit, CEO of Belo, in a statement. “Our goal is for more and more people to learn and experience the potential and benefits of cryptocurrencies in everyday life, everyday and in a simple way. With Belo, users only need one peso to start depositing money and buying cryptos in a way that is usable and accessible to anyone over the age of 13, regardless of their banking power. purchase.
Opennode Executive Eagerly Expects “Millions of People in Latin America” to Access Bitcoin
The Belo wallet was launched in 2020 and residents of Latin America were able to obtain crypto assets through the mobile app and a Mastercard. The startup’s website insists that anyone over the age of 13 can use the Belo mobile wallet app and pay in pesos or cryptocurrency.
Opennode Chief Growth Officer Julie Landrum explained during the announcement that the company was eager to give Latin Americans more choice when it comes to financing. “We are incredibly excited about the integration of Opennode with the Belo app, as it means that millions of people in Latin America will have the ability to instantly transact in bitcoin, driving adoption in a region where bitcoin growth is exploding, ”Landrum said.
At the time of writing, there are over 3,200 BTC stuck in the Lightning Network or $ 136.6 million. The Lightning Network’s Total Locked-In Value (TVL) is 36.79% lower than it was on November 8, 2021, when it hit $ 216.13 million.
What do you think of Belo App’s partnership with Opennode and the integration of the Lightning Network? Let us know what you think of this topic in the comments section below.
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