In a significant advancement for the crypto market in Mexico, a leading internet service provider has integrated Bitcoin Lightning payments. This development follows closely on the heels of MicroStrategy founder Michael Saylor’s announcement regarding the utilization of the Bitcoin Lightning Network in the corporate sector. MicroStrategy, being the largest institutional holder of Bitcoin, revealed its plans to launch a product suite that includes a Bitcoin (BTC) wallet and a Lightning address for its corporate account holders.
This latest development in Mexico demonstrates another stride toward complete institutional adoption of the primary cryptocurrency. The Bitcoin Lightning network serves as a layer 2 solution built on top of the native blockchain. By utilizing micropayment channels, the Lightning network maximizes the efficiency and reduces the costs associated with Bitcoin transactions.
As of Thursday, Total Play, one of the prominent internet providers in Mexico, has integrated BTC Lightning-based payments. The internet provider has implemented a user-friendly payments dashboard that offers the choice between on-chain Bitcoin payments and BTC Lightning payments. This development could prove to be significant in Mexico, as widespread Bitcoin usage has the potential to educate more individuals about the various use cases of cryptocurrencies. According to DB-IP, Total Play Telecommunications currently holds the eighth position in the list of the top 20 organizations with the largest IP allocations in Mexico.