Cryptocurrency Market News: A large internet service provider in Mexico has integrated Bitcoin Lightning payments, which is a significant accomplishment for crypto industry participants. The news comes only days after Microstrategy creator Michael Saylor disclosed ambitions to use the Bitcoin Lightning Network in the business sphere. The IT business, which is the largest institutional Bitcoin holder, announced plans to introduce a product suite for corporate account holders that includes a Bitcoin (BTC) wallet and a Lightning address.
The new development in Mexico represents yet another step towards the top cryptocurrency’s complete institutional adoption. On top of the underlying blockchain, the Bitcoin Lightning network provides a layer 2 solution.
Mexico Users Can Now Pay Internet Bills In BTC
Total Play, one of the major internet providers in North America, incorporated BTC Lightning-based payments on Thursday. The internet service provider enabled a simple payments dashboard that prompts the user to select between on-chain Bitcoin payment and BTC Lightning payment. This might be a big development in the United States neighboring country, as widespread Bitcoin adoption could educate people about crypto use cases. Total Play Telecommunications is ranked eighth among the top twenty organizations in Mexico with the most IP allocations, according to the DB-IP.
Meanwhile, the Lightning Network solution can be utilized as a workaround when on-chain transactions are halted owing to technical difficulties.
Binance, a leading cryptocurrency exchange, recently announced intentions to support BTC Lightning Network withdrawals to assist in circumstances where on-chain withdrawals are halted.