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Tauros and IBEX Mercado partner for the first Mexican Bitcoin exchange to support the Lightning Network

Alex Coin
May 5, 2022
Reading Time: 2 mins read
0
What is Bitcoin?

Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.

IBEX Mercado has partnered with Mexican Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. Tauros to become the first exchange with integration to the Lightning Network, the most popular decentralized decentralization refers to the property of a system in which nodes or actors work in concert in a distributed fashion to achieve a common goal. layer two solution for Bitcoin technology***.

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According to a press release sent to Bitcoin Magazine, Tauros has become the first Mexican exchange to support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. BTC deposits and withdrawals directly to the Lightning Network.

“Lightning es el empoderamiento financiero líder más radical de la historia y creará un nuevo estándar para el resto de las redes en el mercado. Bitcoin es el rey de las transacciones digitales, pero sin Lightning está estancado en la via lenta financiera” – Salvador Melendez, CEO de Tauros

Usuarios de Tauros podrán enviar bitcoins por el Lightning Network a network refers to all nodes in the operation of a blockchain at any given moment in time. casi de manera instantánea con comisiones casi inexistentes gracias a la naturaleza de bajo costo del Lightning Network. Por medio de IBEXHub, la tecnología de Lightning-como-servicio de IBEX, cualquier usuario de Tauros también podrá depositar o retirar fondos de forma casi instantánea.

Tauros customers interacting with a Lightning-compatible point of sale will be able to make purchases directly from their Tauros wallet a place where cryptocurrency users can store, send and receive digital assets. in the local currency. Lightning allows businesses to accept these transactions and decide whether they want to receive bitcoins or fiat fiat currency is “legal tender” backed by a central government, such as the Federal Reserve, and with its own banking system, such as fractional reserve banking. It can take the form of physical cash, or it can be represented electronically, such as with bank credit. currency, a functionality initially created in 2022 when Strike CEO Jack Mallers announced the functionality of his company’s Lightning infrastructure.

“If 2021 was the year Lightning finally entered the Bitcoin ecosystem, 2022 will be remembered as the year Bitcoin truly became transactional and began to transform people’s financial lives, exchanges pioneers like Tauros are delivering the future of Bitcoin today and this will send shockwaves through the rest of the financial ecosystem” -Mario Aguiluz, VP Latin America at IBEX Mercado.

According to the press release, Mexico is quickly entering the Bitcoin scene but has historically been held back from full adoption given the costs of fees and settlement times. This has left Bitcoiners in Mexico relying on the use case of store of value (HODL), and not on the use of bitcoins as a usable currency. This partnership between IBEX and Tauros seeks to change change — a concept relevant to cryptocurrencies that use the UTXO model — is the number of coins sent back to a user after they use their unspent outputs to initiate a transaction. that.

Fuente: Nasdaq.com y Bitcoin Magazine

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Alex Coin

Cryptoinvestor. I follow the world of cryptocurrencies. Looking for the most relevant and significant news for you :)

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