Nodeless: A Non-KYC Solution for Lightning Bitcoin Payments
June 27 (Cointime) - Jack Dorsey recently tweeted a link to Nodeless, a platform that helps merchants easily accept Bitcoin payments over the Lightning Network without having to run their own Lightning node. Nodeless is similar to OpenNode but offers a non-KYC service, meaning users don't have to share identifying information to begin accepting payments. Although technically a custodial solution, Nodeless promises to give users their funds back quickly. While some Bitcoiners expressed skepticism about the model, Nodeless operates legally in Canada and plans to move to El Salvador where UTXO believes the business will be welcomed.
Fedi Launches Federated Operating System to Achieve Mass Adoption of Bitcoin
June 15 (Cointime) -Obi Nwosu, a long-time Bitcoin advocate, is developing a new project called Fedi with the goal of promoting mass adoption of the cryptocurrency. Fedi's approach involves "Federations," which allow communities to maintain control over their finances, data, and digital lives while safeguarding privacy and autonomy. Recently, Fedi launched a pop-up federation at BTC Prague, providing exclusive features such as access to event schedules, Lightning Network-based sats transfers, and chat messaging.
Strike Expands Lightning Network-based Cross-border Payments Service to Mexico
June 14 (Cointime) - Strike, a digital payments company, is launching its Lightning Network-based cross-border payments service in Mexico, the largest market for remittances from the U.S. The service, called Send Globally, will be available from June 14 and offers cheaper and faster transactions than the base network. The service allows U.S. dollars to be received as pesos in the recipient's bank account. Strike recently moved custody operations in-house and established a headquarters for its global arm in El Salvador, expanding to over 65 countries.
Bitcoin Adoption in the Philippines Still in Early Stages, Says Pouch Founder
During the BTC Prague event, Ethan Rose, founder of Pouch, a Bitcoin Lightning Network wallet service in the Philippines, discussed the state of Bitcoin adoption in the country. Rose's team has onboarded 250 businesses on the island of Boracay and 400 businesses in the country, promoting Bitcoin adoption by offering merchants a way to attract new customers.
Amboss Launches Lightning Network Rate (Liner) to Simplify Yield Generation on Bitcoin's Lightning Network
Data analytics firm Amboss has launched Lightning Network Rate (Liner), a tool that simplifies the process of generating yield on Bitcoin's Lightning Network by providing key insights into yield opportunities on the network. Lightning is a second-layer payment network for cheaper and faster bitcoin transactions that requires users to acquire liquidity by first committing bitcoin to a payment channel.
Bitcoin Transaction Fees Reach All-Time Highs Due to Controversial Launch of BRC-20 Tokens on Network
The launch of BRC-20 tokens in May 2023 caused Bitcoin transaction fees to reach an all-time high, leading to a debate among users. While some argue that the rising fees are necessary for network security, others criticize the focus on NFTs and memes.
Breaking: Bitcoin Payments App Strike Integrates USDT For Global Expansion
Strike, a global payment app known for its secure and fast payment solutions, has recently announced the integration of Tether (USDT) into its platform. This integration will allow users to access USDT on-ramps, off-ramps, and settlements seamlessly.
Lightning Labs Launches Taproot Assets v0.2 to Solve Bitcoin Network Congestion and Enable Decentralized Stablecoins on Lightning Network
The Lightning Network (LN) has been successful in addressing the issue of congestion in the Bitcoin network by allowing off-chain BTC transactions. However, the emergence of Ordinals and BRC-20 tokens has caused the problem to resurface as these assets can only be mined and exchanged on-chain.
Bitcoin Financial Services Provider River Raises $35M in Series B Funding Round
Bitcoin financial services provider River has raised $35 million in a Series B funding round led by Kingsway Capital, with participation from Peter Thiel. River offers bitcoin-related services for individuals and businesses, including zero-fee dollar-cost averaging, mining, full-reserve custody, and a Lightning Network-enabled wallet.
Cash App Adds Lightning Network to Bitcoin Wallet for Faster, Low-Fee Transactions
The Lightning Network is a decentralized payment system that enables users to send and receive Bitcoin with little to no fees and a throughput of approximately 1 million transactions per second. To use the Lightning Network, users must set up a Lightning wallet, fund it with Bitcoin, and create payment channels. The Lightning Network is an open-source project maintained by Lightning Labs and was added to Cash App's Bitcoin wallet in October 2022, providing users with faster transactions and minimal fees. To send or receive Bitcoin using the Lightning Network, users can scan a QR code or share a Lightning address, making it a new standard for how value moves around the world.
