{"id":82160,"date":"2023-11-08T11:03:41","date_gmt":"2023-11-08T16:03:41","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/athena-bitcoin-to-integrate-lightning-network-for-bitcoin-atms-in-el-salvador\/"},"modified":"2023-11-08T11:03:44","modified_gmt":"2023-11-08T16:03:44","slug":"athena-bitcoin-to-integrate-lightning-network-for-bitcoin-atms-in-el-salvador","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=82160","title":{"rendered":"Athena Bitcoin to Integrate Lightning Network for Bitcoin ATMs in El Salvador"},"content":{"rendered":"<div>\n<figure id=\"attachment_128707\" aria-describedby=\"caption-attachment-128707\" style=\"width: 1200px\" class=\"wp-caption alignnone\"><noscript><\/noscript><figcaption id=\"caption-attachment-128707\" class=\"wp-caption-text\">Source: Pixabay \/ Michael Wuensch<\/figcaption><\/figure>\n<p>Athena Bitcoin has announced plans to integrate the Lightning Network into its crypto ATM fleet in El Salvador with wider expansion targeted at the entire Latin American region.<\/p>\n<p>In a Nov 7 press release, the company revealed it has enabled the technology in partnership with Genesis Coin Inc. to all its infrastructure in the country giving users a faster and overall better experience.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udce3 Matias Goldenh\u00f6rn is currently speaking at &#8220;A Lightning Summit in El Salvador&#8221;.<\/p>\n<p>As the CEO of <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/AthenaBitcoin?ref_src=twsrc%5Etfw\">@AthenaBitcoin<\/a>, he is democratizing access to <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> through ATMs and Athena Plus, promoting global financial inclusion \ud83c\udf0e.<\/p>\n<p>Follow <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/AdoptingBTC?ref_src=twsrc%5Etfw\">@AdoptingBTC<\/a> for live updates on the event! \ud83d\ude80 <a rel=\"nofollow\" href=\"https:\/\/t.co\/x7XX5K7Yzv\">pic.twitter.com\/x7XX5K7Yzv<\/a><\/p>\n<p>\u2014 Athena Bitcoin (@AthenaBitcoin) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/AthenaBitcoin\/status\/1721966261322592434?ref_src=twsrc%5Etfw\">November 7, 2023<\/a><\/p>\n<\/blockquote>\n<p>The network will be integrated into 100 cryptocurrency ATMs within the next two months with further plans to extend the service to more countries.<\/p>\n<p>The company operates Chivo ATMs in El Salvador, the country\u2019s official Bitcoin wallet, and seeks to be a leader in ATM infrastructure as a new market report by Coin ATM Radar shows only 3.7% of global digital asset ATMs supporting lightning.<\/p>\n<blockquote>\n<p>\u201c<i>One hundred machines will be Lightning Network-enabled by the end of December 2023 and the remaining kiosks will follow in the first quarter of 2024.\u201d<\/i><\/p>\n<\/blockquote>\n<p>The other sole Athena-branded machine will be embedded with the lightning network in Q1 2024, a few months after this development. As a pro-Bitcoin country, El Salvador has 215 crypto ATMs and remains key to the global perception of the importance of technology worldwide.<\/p>\n<p>Lightning network has been hailed as the perfect layer 2 payment solution due to its faster withdrawal initiations while keeping fees minimal.\u00a0<\/p>\n<h2>El Salvador\u2019s growing Bitcoin initiatives\u00a0<\/h2>\n<p><span class=\"replacer\"><\/span><br \/>Popularly known as the country to make Bitcoin a legal tender, the government continues to extend web3 efforts into new fields and has been praised for using Bitcoin to stabilize the economy.<\/p>\n<p>Distribuidora Moraz\u00e1n, the second largest consumer distribution chain in El Salvador has entered into business with Bitcoin Beach Wallet to accept the leading cryptocurrency from <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/nicolasburtey\/status\/1721939006001221720?s=46&amp;t=sCvh3f3rMDfXyJcf1y1Eyg\">over 40,000 merchants.<\/a><\/p>\n<p>This will foster business-to-business relationships getting more retail service providers on board as the government expands the use of digital assets in the country.<\/p>\n<blockquote>\n<p>\u201c<i>This collaboration between Blink and Distribuidora Moraz\u00e1n has paved the way for a pilot program that allows the distributor to accept bitcoin from a select segment of its extensive customer base, which includes over 40,000 merchants.\u201d\u00a0<\/i><\/p>\n<\/blockquote>\n<p>While El Salvador integrates crypto and blockchain into finance, education, and policy formations, critics have pushed blockchain technology with Central Bank Digital Currencies (CBDC) as the way forward.\u00a0<\/p>\n<p>Nayib Bukele, the President of El Salvador is in the race for re-election although critics say he isn\u2019t meant to be constitutionally qualified for election. His supporters and other pro-Bitcoin users suggest that other countries emulate the President\u2019s policies in embracing digital assets.<\/p>\n<div class=\"newsletter home-newsletter single\">\n<div class=\"left-side\">\n<p>\n        <em><br \/>\n            Enter your email for our Free Daily Newsletter        <\/em>\n    <\/p>\n<p> A quick 3min read about today&#8217;s crypto news!<\/p>\n<p>    <span class=\"response-msg\" id=\"newsletter-response\"><\/span>\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/athena-bitcoin-to-integrate-lightning-network-for-bitcoin-atms-in-el-salvador.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: Pixabay \/ Michael Wuensch Athena Bitcoin has announced plans to integrate the Lightning Network into its crypto ATM fleet in El Salvador with wider expansion targeted at the entire Latin American region. In a Nov 7 press release, the company revealed it has enabled the technology in partnership with Genesis Coin Inc. to all [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":82161,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-82160","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Athena Bitcoin to Integrate Lightning Network for Bitcoin ATMs in El Salvador | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Source: Pixabay \/ Michael Wuensch Athena Bitcoin has announced plans to integrate the Lightning Network into its crypto ATM fleet in El Salvador with\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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