• Market Cap: $1,085,005,395,522.79
  • 24h Vol: $27,518,634,397.79
  • BTC Dominance: 47.16%
XBT.Market
Advertisement
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us
No Result
View All Result
XBT.Market
No Result
View All Result
Home Bitcoin

IBEX Mercado, OSMO Wallet Partner To Further Bitcoin Adoption In Guatemala

Jon Hartney by Jon Hartney
July 20, 2022
in Bitcoin, Blockchain, Business, Market
0
IBEX Mercado, OSMO Wallet Partner To Further Bitcoin Adoption In Guatemala
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Users will have access to Bitcoin’s Lightning Network using OSMO Wallet with IBEX’s infrastructure enabling low-cost, instant payments with cash-out locations.

Related articles

Ethereum Price Stages Recovery But Can It Overcome This Key Hurdle?

Ethereum Price Stages Recovery But Can It Overcome This Key Hurdle?

September 27, 2023
Ben Armstrong spends night in jail with prowling, simple assault charges

Ben Armstrong spends night in jail with prowling, simple assault charges

September 27, 2023
  • Guatemalans using OSMO Wallet now have access to instant, low-cost bitcoin remittances and payments.
  • OSMO partnered with IBEX Mercado to develop Lightning infrastructure for its users.
  • OSMO partners with AirPak, a remittance company which will allow OSMO customers to cash-out bitcoin at over 8,000 locations.

A new partnership between IBEX Mercado – an integral bitcoin infrastructure provider to the El Salvadoran bitcoin rollout – and startup Guatemalan bitcoin service provider OSMO Wallet is enabling users to buy, sell and transact in bitcoin in one of the most underbanked regions in the world, in a press release sent to Bitcoin Magazine

Nearly 70% of Central Americans are unbanked even though the population has an incredible smartphone penetration rate. Thus, while financial inclusion is waning, the capacity for connection within the region is ever-expanding.

Therefore, with heightened levels of connectivity in Guatemala, OSMO Wallet provided a necessary function in the region through a partnership with AirPak – a money transfer services company – which operates in over 8,000 retail locations from Mexico to Costa Rica which allow OSMO users to cash-out BTC held in their wallet for fiat.

“Latin America has one of the most under-banked populations in the world, and Bitcoin has the potential to be truly transformational,” said Piero Coen, co-founder of OSMO Wallet. “The challenge of exchanging Bitcoin for cash has been a major roadblock to adoption. By bringing cash convertibility for the unbanked across LATAM, we’re changing the game.”

With the addition of IBEX’s infrastructure, OSMO will now be able to perform both on and off-chain transactions by leveraging the Lightning Network without requiring users to change any settings enabling low-cost remittances and payments. Additionally, OSMO Business – a Lightning Network point of sale – was built on top of IBEX’s application programming interface (API) and has a record go-to-market time in Latin America, according to the release.

“By demonstrating how easily and quickly we can enable financial services to go to market using the lightning network we can actually empower local communities that have historically been excluded,” said Esteban de la Peña, partner at IBEX. “Our infrastructure services will transform people’s lives, while making [Latin America] LATAM a compelling case study and proof of concept for other under-served communities across the globe.”

OSMO stated a goal of 1 million retail points adopting a bitcoin standard within the next five years across Latin America by leveraging these services.

Read Entire Article
Tags: bitcoinMagzineCryptocurrencyInvestmentMining Bitcoin
Share76Tweet47

Related Posts

Ethereum Price Stages Recovery But Can It Overcome This Key Hurdle?

Ethereum Price Stages Recovery But Can It Overcome This Key Hurdle?

by Jon Hartney
September 27, 2023
0

Ethereum price is eyeing a recovery wave from $1,565 against the US Dollar ETH could rise steadily if it settles...

Ben Armstrong spends night in jail with prowling, simple assault charges

Ben Armstrong spends night in jail with prowling, simple assault charges

by Jon Hartney
September 27, 2023
0

Crypto influencer Ben “BitBoy” Armstrong was released on bail around 8 hours after being booked by Gwinnett County

Bitcoin Price Could See Recovery If It Holds This Key Support

Bitcoin Price Could See Recovery If It Holds This Key Support

by Jon Hartney
September 27, 2023
0

Bitcoin price is consolidating above the $26,000 support BTC could start a recovery wave if it clears the $26,500 resistance...

AirBit Club ‘ponzi’ co-founder gets 12 years prison

AirBit Club ‘ponzi’ co-founder gets 12 years prison

by Jon Hartney
September 27, 2023
0

Convicted fraudster Pablo Renato Rodriguez will also need to serve three years of supervised release after he finishes

Mastermind Behind Massive Crypto Ponzi Scheme AirBit Club Receives 12-Year Prison Sentence

Mastermind Behind Massive Crypto Ponzi Scheme AirBit Club Receives 12-Year Prison Sentence

by Jon Hartney
September 27, 2023
0

In a landmark verdict, Pablo Renato Rodriguez, the co-founder of AirBit Club, has been sentenced to 12 years in prison...

Load More
  • Trending
  • Comments
  • Latest
NEXO risks 50% drop due to regulatory pressure and investor concerns

NEXO risks 50% drop due to regulatory pressure and investor concerns

September 30, 2022
51% of Ethereum blocks are now compliant with OFAC standards, raising censorship concerns

51% of Ethereum blocks are now compliant with OFAC standards, raising censorship concerns

October 14, 2022
All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

July 7, 2022
Zero-knowledge KYC could solve the privacy vs compliance conundrum: VC partner

Zero-knowledge KYC could solve the privacy vs compliance conundrum: VC partner

October 11, 2022
All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

0
Crypto owners banned from working on US Government crypto policies

Crypto owners banned from working on US Government crypto policies

0
Korean startup Uprise lost $20M shorting LUNC

Korean startup Uprise lost $20M shorting LUNC

0
Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

0
Ethereum Price Stages Recovery But Can It Overcome This Key Hurdle?

Ethereum Price Stages Recovery But Can It Overcome This Key Hurdle?

September 27, 2023
Ben Armstrong spends night in jail with prowling, simple assault charges

Ben Armstrong spends night in jail with prowling, simple assault charges

September 27, 2023
Bitcoin Price Could See Recovery If It Holds This Key Support

Bitcoin Price Could See Recovery If It Holds This Key Support

September 27, 2023
AirBit Club ‘ponzi’ co-founder gets 12 years prison

AirBit Club ‘ponzi’ co-founder gets 12 years prison

September 27, 2023

XBT.Market

This website is an automated news feed powered by the Nebulome cloud system. The site is made possible by YYC TECH Consulting and Alberta Digital Mining Company. As a team with major crypto and bitcoin enthusiasm, we have curated major sources of news, trading and financial data to bring you, our viewer, an unbiased source of truth.

Recent Posts

  • Ethereum Price Stages Recovery But Can It Overcome This Key Hurdle? September 27, 2023
  • Ben Armstrong spends night in jail with prowling, simple assault charges September 27, 2023
  • Bitcoin Price Could See Recovery If It Holds This Key Support September 27, 2023
  • AirBit Club ‘ponzi’ co-founder gets 12 years prison September 27, 2023
  • Mastermind Behind Massive Crypto Ponzi Scheme AirBit Club Receives 12-Year Prison Sentence September 27, 2023

News Categories

  • Bitcoin
  • Blockchain
  • Business
  • Market

Tags

bitcoinMagzine Cointelegraph Cryptocurrency insidebitcoins Investment Mining Bitcoin NewsBTC

Quicklinks

  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market - Powered by YYC Tech Consulting & ADMCO.

No Result
View All Result
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market by Nebulome.

  • bitcoinBitcoin(BTC)$26,220.00-0.34%
  • ethereumEthereum(ETH)$1,590.35-0.05%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.00-0.10%
  • binancecoinBNB(BNB)$212.950.69%
  • rippleXRP(XRP)$0.498628-0.75%
  • usd-coinUSDC(USDC)$1.000.03%
  • staked-etherLido Staked Ether(STETH)$1,590.870.06%
  • cardanoCardano(ADA)$0.244914-0.44%
  • dogecoinDogecoin(DOGE)$0.060564-0.64%
  • solanaSolana(SOL)$18.92-2.38%
  • tronTRON(TRX)$0.0848490.27%
  • ToncoinToncoin(TON)$2.10-3.20%
  • Wrapped stETHWrapped stETH(WSTETH)$1,865.160.38%
  • polkadotPolkadot(DOT)$4.00-1.15%
  • matic-networkPolygon(MATIC)$0.51-2.60%
  • litecoinLitecoin(LTC)$63.67-1.33%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,197.00-0.34%
  • shiba-inuShiba Inu(SHIB)$0.000007-1.04%
  • bitcoin-cashBitcoin Cash(BCH)$214.561.22%
  • chainlinkChainlink(LINK)$7.34-1.68%
  • daiDai(DAI)$1.000.01%
  • true-usdTrueUSD(TUSD)$1.000.04%
  • leo-tokenLEO Token(LEO)$3.65-3.81%
  • uniswapUniswap(UNI)$4.27-0.46%
  • avalanche-2Avalanche(AVAX)$9.020.16%
  • stellarStellar(XLM)$0.1121790.19%
  • moneroMonero(XMR)$144.48-0.18%
  • okbOKB(OKB)$42.89-0.90%
  • Aerarium FiAerarium Fi(AERA)$7.14-13.11%
  • binance-usdBUSD(BUSD)$1.00-0.05%
  • BSCEXBSCEX(BSCX)$237.310.49%
  • ethereum-classicEthereum Classic(ETC)$15.07-0.82%
  • cosmosCosmos Hub(ATOM)$6.96-1.35%
  • hedera-hashgraphHedera(HBAR)$0.048899-2.51%
  • GGTKNGGTKN(GGTKN)$0.1121180.75%
  • filecoinFilecoin(FIL)$3.19-0.64%
  • internet-computerInternet Computer(ICP)$2.97-0.11%
  • crypto-com-chainCronos(CRO)$0.050012-0.79%
  • lido-daoLido DAO(LDO)$1.46-1.78%
  • makerMaker(MKR)$1,407.015.23%
  • quant-networkQuant(QNT)$87.09-0.79%
  • MantleMantle(MNT)$0.388956-0.68%
  • AptosAptos(APT)$5.25-4.86%
  • vechainVeChain(VET)$0.016431-1.12%
  • ArbitrumArbitrum(ARB)$0.820.38%
  • optimismOptimism(OP)$1.281.43%
  • nearNEAR Protocol(NEAR)$1.08-2.40%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • KaspaKaspa(KAS)$0.046539-0.27%
  • Rocket Pool ETHRocket Pool ETH(RETH)$1,727.710.01%
  • aaveAave(AAVE)$60.71-1.44%
  • BitDAOBitDAO(BIT)$0.592.96%
  • the-graphThe Graph(GRT)$0.086670-1.50%
  • WhiteBIT CoinWhiteBIT Coin(WBT)$5.23-0.05%
  • algorandAlgorand(ALGO)$0.094910-3.54%
  • usddUSDD(USDD)$1.000.01%
  • fraxFrax(FRAX)$1.000.08%
  • immutable-xImmutableX(IMX)$0.57-4.73%
  • xdce-crowd-saleXDC Network(XDC)$0.047645-2.93%
  • havvenSynthetix Network(SNX)$2.011.11%
  • blockstackStacks(STX)$0.452816-2.92%
  • radixRadix(XRD)$0.0618704.75%
  • theta-tokenTheta Network(THETA)$0.630.13%
  • eosEOS(EOS)$0.56-1.27%
  • elrond-erd-2MultiversX(EGLD)$24.19-2.48%
  • Bitget TokenBitget Token(BGB)$0.447895-0.44%
  • the-sandboxThe Sandbox(SAND)$0.3028390.65%
  • CloutContractsCloutContracts(CCS)$52.461,000.00%
  • tezosTezos(XTZ)$0.65-0.20%
  • injective-protocolInjective(INJ)$7.191.18%
  • bitcoin-cash-svBitcoin SV(BSV)$30.880.17%
  • axie-infinityAxie Infinity(AXS)$4.49-2.55%
  • render-tokenRender(RNDR)$1.49-1.33%
  • decentralandDecentraland(MANA)$0.295624-0.76%
  • gatechain-tokenGate(GT)$3.86-0.34%
  • fantomFantom(FTM)$0.186995-1.82%
  • thorchainTHORChain(RUNE)$1.731.45%
  • marumaruNFTmarumaruNFT(MARU)$0.24991121.40%
  • neoNEO(NEO)$7.16-1.40%
  • kavaKava(KAVA)$0.62-0.03%
  • paxos-standardPax Dollar(USDP)$1.000.04%
  • pax-goldPAX Gold(PAXG)$1,895.71-0.62%
  • tether-goldTether Gold(XAUT)$1,898.28-0.82%
  • ecasheCash(XEC)$0.000024-0.92%
  • binaryxBinaryX(BNX)$165.90-5.97%
  • curve-dao-tokenCurve DAO(CRV)$0.520.39%
  • flowFlow(FLOW)$0.440195-1.38%
  • compound-ethercETH(CETH)$31.97-0.02%
  • Halo CoinHalo Coin(HALO)$0.057345-0.05%
  • convex-crvConvex CRV(CVXCRV)$1.47184.01%
  • kucoin-sharesKuCoin(KCS)$4.42-1.11%
  • frax-shareFrax Share(FXS)$5.76-0.34%
  • rocket-poolRocket Pool(RPL)$21.64-0.69%
  • Frax EtherFrax Ether(FRXETH)$1,587.100.03%
  • iotaIOTA(MIOTA)$0.148382-1.07%
  • apecoinApeCoin(APE)$1.11-3.32%
  • chilizChiliz(CHZ)$0.057266-1.37%
  • huobi-tokenHuobi(HT)$2.42-0.53%
  • First Digital USDFirst Digital USD(FDUSD)$1.000.10%