Mexico's largest internet services provider, Total Play, has announced the integration of Bitcoin Lightning Payments, offering users the option of on-chain or Lightning payments. This move could potentially boost Bitcoin adoption in neighboring countries.
The adoption of the Lightning Network is gaining momentum, with big players planning to utilize it for corporate accounts, contributing to institutional Bitcoin adoption and leveraging its scalability benefits.
However, the current selling pressure on Bitcoin is due to growing expectations of interest rate hikes by the Fed next month in June, and concerns over the liquidity crunch that could emerge after the US lawmakers' call to increase the debt ceiling and avoid a potential default.
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