On Monday, January 10, Argentina-based mobile device company Bello announced that the platform had added support for the Lightning Network by partnering with Bitcoin payment processor and infrastructure provider Opennode. The mobile application allows users to trade and transact in pesos and now users can handle bitcoin payments from now on.
Belo Partners With Opennode Offers Lightning Network Support
Belo, the Argentine mobile wallet app founded by Manuel Beaudroit, aims to “create a bridge” between the world of cryptocurrency and life in peso. On Monday, the company announced that it has partnered with Bitcoin (BTC) payment processor Opennode and the app will support the Lightning Network. The Belo app is available for iOS and Android smartphones and also supports Ethereum and some stablecoins pegged to the US dollar.
“Our partnership with Opennode is very important to our users,” Belo CEO Manuel Beaudroit said in a statement. “Our goal is for more and more people to learn and experience the capabilities and benefits of cryptocurrencies in everyday life, on a daily basis, in a simple way. With Belo, users only need one peso to start depositing money and buying cryptocurrencies in a way that can be used and accessed by anyone above age 13, regardless of their purchasing power.”
Opennode Executive Looking Forward to Bitcoin . “Millions of People in Latin America”
Belo Wallet was launched in 2020 and Latin American residents were able to acquire crypto assets via the mobile app and Mastercard. The startup’s website insists that anyone over the age of 13 can use the Belo mobile wallet app, and either pay in peso or cryptocurrency.
Opennode’s head of growth, Julie Landrum, explained during the announcement that the company is looking to give Latin America more options in financing. “We are very excited about Opennode’s integration with the Belo app, as this means that millions of people in Latin America will be able to transact immediately in bitcoin, boosting adoption in a region where bitcoin growth is exploding,” Landrum said.
At the time of writing, there are over 3,200 BTC locked into the Lightning Network, or $136.6 million. The total value of the Locked Lightning Network (TVL) is 36.79% lower than it was on November 8, 2021, when it reached $216.13 million.
What do you think of the Belo App’s partnership with Opennode and the integration of the Lightning Network? Tell us what you think about it in the comments section below.
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