- Tauros is the first Lightning-enabled Bitcoin exchange in Mexico.
- The Lightning Network functionality was achieved through a partnership with IBEX Mercado, a Lightning infrastructure company.
- Tauros users can interact with Lightning-enabled POS systems directly from their wallets with near-instant processing and low fees.
According to a press release sent to , Tauros has become the first Lightning-enabled Bitcoin exchange in Mexico thanks to a new partnership with IBEX Mercado Bitcoin Magazine.
“Lightning is leading the most radical financial empowerment in history and will set a new standard for the rest of the networks on the market. Bitcoin is the king of digital transactions, but without Lightning it’s stuck in the financial slow lane,” said Salvador Melendez, CEO of Tauros.
Tauros users can send bitcoin almost instantaneously with almost non-existent fees thanks to the low cost of the Lightning Network. Through IBEXHub, IBEX’s Lightning-as-a-Service technology, anyone using Tauros can deposit or withdraw funds almost instantly.
Tauros customers interacting with a Lightning-enabled point of sale (POS) can make purchases directly from their Tauros wallet in their local currency. Lightning allows businesses to accept these transactions and choose whether or not to receive Bitcoin or fiat currency, a feature that was brought to the world stage in Bitcoin 2022 when the CEO of Strike, a Lightning infrastructure company, developed the announced functionality.
“If 2021 was the year Lightning burst into the Bitcoin ecosystem, 2022 will be remembered as the year Bitcoin became truly transactional and started transforming people’s financial lives,” said Mario Aguiluz, VP for Latin America (LATAM) at Ibex Mercado. “Pioneering exchanges like Tauros are delivering the future of Bitcoin today – and it’s sending shockwaves through the financial ecosystem.”
Mexico is quickly entering the bitcoin space but has been held back from full adoption in the past due to fees and delivery times, according to the press release. This has largely led Bitcoiners in Mexico to rely on the store of value use case rather than as a viable form of currency. The partnership between IBEX and Tauros aims to change that.
“By leveraging Lightning to make Bitcoin transactions easy, seamless, affordable and inclusive, exchanges like Tauros are leading the way for banks and other financial institutions to now be able to provide services to the four billion unbanked and unbanked people in the world . ‘ Aguiluz continued. “As we saw at Bitcoin 2022, banks and other financial service providers are incredibly excited about the potential of Lightning.”
