Revolutionizing Bitcoin Usage: Lightning Network Paves the Way for Everyday Transactions in El Salvador
Jonathan Martin, reporting from El Salvador, explores the landscape in the first country to embrace Bitcoin as legal tender. Despite limited current usage, the integration of Lightning technology appears poised to reshape the adoption narrative.
In the course of my travels this week throughout El Salvador, I encountered individuals actively dedicated to accelerating Bitcoin adoption and assisting foreign investors in establishing Bitcoin-related enterprises.
With Bitcoin’s current market price hovering around $29,500, owning a full bitcoin may seem financially out of reach for many. However, the divisibility of each bitcoin into one hundred million sub-units known as “satoshis” opens the door for individuals to engage in fiat-to-bitcoin exchanges in smaller denominations. Investing in these smaller increments, often referred to as “stacking sats” by Bitcoin enthusiasts, coupled with Layer Two (L2) integrations such as the Lightning Network, is widely perceived as the pathway to expanding Bitcoin use cases and enhancing its role as a medium of exchange in commercial transactions.
Read More… [Source: CoinDesk.com]