Belo, Argentina’s mobile wallet platform announced on Monday January 10 that they have partnered with Opennode, a bitcoin infrastructure provider and processor. Users can trade in pesos, and they are now able to transact bitcoin with the mobile app.
Belo Partners With Opennode, Introduces Lightning Network Support
Belo, the Argentine mobile wallet application founded by Manuel Beaudroit aims to “create a bridge” between the crypto world and life in pesos. Opennode is the payment processor for bitcoins (BTC), and Belo announced Monday that the company had partnered up with them. The application will also support Lightning Network. Belo is now available on Android and iOS smartphones. It also supports Ethereum, and some stablecoins tied to the U.S. Dollar.
“Our partnership with Opennode is incredibly important for our users,” Manuel Beaudroit, the CEO of Belo said in a statement. “Our goal is for more and more people to learn and experience the potential and benefit of cryptocurrencies for everyday life, on a day-to-day basis, and in a simple way. With Belo, users only need one peso to start depositing money and buying crypto in a way that is usable by and accessible to everyone over 13, regardless of their purchasing power.”
Opennode Executive Looks Forward to ‘Millions of People in Latin America’ Accessing Bitcoin
The Belo wallet was launched in 2020. Latin American citizens have been able access crypto assets through the mobile app and Mastercard. The startup’s website insists that anyone above the age of 13 can use the Belo mobile wallet application, and either pay in pesos or cryptocurrencies.
Opennode’s head of growth, Julie Landrum, explained during the announcement that the company looks forward to giving Latin American’s more choices in finance. “We’re incredibly excited about Opennode’s integration with the Belo App, as this means millions of people in Latin America will have the ability to transact instantly in bitcoin, furthering adoption in a region where bitcoin growth is exploding,” Landrum remarked.
The Lightning Network currently has more than 3,200 BTC and $136.6 million. The Lightning Network’s total value locked (TVL) is 36.79% lower than it was on November 8, 2021, when it reached $216.13 million.
How do you feel about Belo App’s partnership with Opennode? What are your thoughts on integrating Lightning Network into Belo App? Please comment below to let us know your thoughts on this topic.
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