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Breaking: Mexico’s Top Internet Provider Integrates Bitcoin Payments

A top internet service provider integrate Bitcoin Lightning payments, in what could be a breakthrough for crypto market in Mexico.
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Breaking: Mexico’s Top Internet Provider Integrates Bitcoin Payments

Crypto Market News: In a major breakthrough for crypto market participants in Mexico, a top internet service provider integrate Bitcoin Lightning payments. The development comes just few days after Microstrategy founder Michael Saylor announced plans to leverage the Bitcoin Lightning Network in the corporate world. The tech company, which is the largest institutional Bitcoin holder, announced that it was planning to launch a product suite with a Bitcoin (BTC) wallet and a Lightning address to corporate accounts holders.

Also Read: Coinbase Rolls Out Zero Fee Trading Program, Expands Outside US

The latest development in Mexico marks yet another move towards complete institutional adoption for the top cryptocurrency. The Bitcoin Lightning network is a layer 2 solution on top of the native blockchain. The Lightning network uses micropayment channels to leverage the native Bitcoin for performing transactions more efficiently and at lower costs.

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Mexico Users Can Now Pay Internet Bills In BTC

On Thursday, Total Play, one of the top internet providers in the North American country, integrated the BTC Lightning based payments. The internet provider enabled a simple payments dashboard that asks user to chose between on chain Bitcoin payment and BTC Lightning payment. This could go on to be a significant development in the United States’ neighboring nation, as mainstream Bitcoin usage could further educate people on crypto use cases. According to the DB-IP, Total Play Telecommunications stands at rank 8 in the list of top 20 organizations with the largest IP allocations in Mexico.

Meanwhile, the Lightning Network solution can be used as a stop gap measure in situations where on chain transactions are suspended due to technical difficulties. Recently, top crypto exchange Binance said it plans to enable BTC Lightning Network withdrawals to help in cases where on chain withdrawals come to a halt.

Also Read: XRP Lawsuit Summary Judgement Almost Ready To Go: US Attorney

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Anvesh Reddy

Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1400 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at anvesh@coingape.com or x.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/

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