Bitcoin funds infrastructure platform OpenNode has partnered with Lemon Money, a preferred cryptocurrency pockets supplier in Latin America.
By means of the partnership, OpenNode will combine Lightning Community into the pockets, offering entry to quick and low-cost Bitcoin transactions to its 1 million clients.
Josh Held, head of technique at OpenNode, mentioned:
“This partnership is yet one more instance of {our capability} and perception in Bitcoin as the brand new base layer for world funds… We’re proud to help Lemon’s mission, its want to scale and profit its clients, and finally the expansion of the Bitcoin economic system in Latin America and past.”
Lemon Money is taken into account to be the fastest-growing crypto startup in Latin America. The corporate affords customers a fiat-to-crypto trade and cryptocurrency pockets and has attracted properly over 1,000,000 customers in Argentina alone.
Whereas Latin America has one of many highest cryptocurrency adoption charges on the earth, Argentina stands out from most of its neighbors each when it comes to the general variety of customers and the variety of transactions processed.
Argentina’s crypto adoption is a results of greater than only a fascination with new know-how — the nation’s hovering inflation and risky monetary system have pushed its residents to hunt stability in cryptocurrencies. In accordance with a current report from Reuters, the rolling 12-month inflation fee reached 60% in Could. The annual inflation fee is predicted to prime 70% on the finish of the yr.
Borja Martel Seward, the co-founder of Lemon Money, mentioned that introducing the Lightning Community to its clients will assist the corporate make crypto extra usable and accessible in Latin America. Earlier in March, Lemon Money expanded to Brazil and introduced plans to introduce a cryptocurrency card in 2022.
OpenNode has been engaged on increasing the use instances for the Lightning Community since 2017. Held mentioned that becoming a member of forces with a platform as massive as Lemon Money will assist it obtain its mission to create a world funds system primarily based on Bitcoin. He added that:
“This partnership is yet one more instance of {our capability} and perception in Bitcoin as the brand new base layer for world funds.”
