{"id":37275,"date":"2022-10-12T07:40:23","date_gmt":"2022-10-12T11:40:23","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=37275"},"modified":"2022-10-12T07:40:26","modified_gmt":"2022-10-12T11:40:26","slug":"coincorner-sets-to-launch-bitcoin-bolt-cards-in-el-salvador","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/coincorner-sets-to-launch-bitcoin-bolt-cards-in-el-salvador\/","title":{"rendered":"CoinCorner sets to launch Bitcoin bolt cards in El Salvador"},"content":{"rendered":"\n
CoinCorner, a Bitcoin card payment service provider, is looking to install “tap-to-pay” near-field communication services (NFC) card readers across El Salvador using Lightning Network<\/a> (LN).<\/h5>\n\n\n\n
\"CoinCorner
CoinCorner sets to launch tap-to-pay Bitcoin cards in El Salvador<\/figcaption><\/figure>\n\n\n\n

CoinCorner is launching the Bitcoin Lightning services in El Salvador, and CoinCorner has collaborated with IBEX, a provider of lightning infrastructure services, to expand NFC support across local companies.<\/p>\n\n\n\n

Bitcoin owners in El Salvador will soon be able to use the “tap-to-pay” function anywhere (NFC) card readers are present. For retail BTC transactions, the cardless pay service\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> would make use of Lightning Network (LN).<\/p>\n\n\n\n

The Bolt Card, a payment method from Lighting, was introduced on Wednesday. Apart from the country's acceptance of Bitcoin as legal cash, CoinCorner claimed that the concept of expansion in Central America was motivated by a flood of complaints about the subpar user experience that the company aims to improve.<\/p>\n\n\n\n

A layer-2 scaling infrastructure called Bitcoin LN enables everyday BTC <\/a>retail use and spending at a cheap cost and consistent transaction rate. The company thinks that the implementation of tap-to-pay card payment will improve the country's BTC usage by enabling a smooth BTC user experience.<\/p>\n\n\n\n

In September 2021, El Salvador became the first nation to declare bitcoin to be legal money. At the time, the adoption was intended to assist the nation's preponderance of unbanked citizens in achieving financial independence. The nation added 4 million users to its government-backed Bitcoin wallet in just four months after adopting BTC.<\/p>\n\n\n\n

In the first two quarters of 2022, remittances totaling $52 million were sent to BTC wallets<\/a>. The country's adoption of Lightning-based payments could increase BTC use in the retail payment market.<\/p>\n","protected":false},"excerpt":{"rendered":"

CoinCorner, a Bitcoin card payment service provider, is looking to install “tap-to-pay” near-field communication services (NFC) card readers across El Salvador using Lightning Network (LN). CoinCorner is launching the Bitcoin Lightning services in El Salvador, and CoinCorner has collaborated with IBEX, a provider of lightning infrastructure services, to expand NFC support across local companies. Bitcoin […]<\/p>\n","protected":false},"author":12,"featured_media":37284,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83],"tags":[11768,11479,456,483],"class_list":["post-37275","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bolt-cards","tag-coincorner","tag-el-salvador","tag-lightning-network"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/10\/image-39.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/37275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=37275"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/37275\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/37284"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=37275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=37275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=37275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}