The Satoshi Wallet is presented as a new Bitcoin Lightning Network easy to use in Australia

The Satoshi Wallet is presented as a new Bitcoin Lightning Network easy to use in Australia

2019 seems to have started with a high note for LRS (Living Room of Satoshi) and TravelbyBit. The two companies have entered into a partnership through the Lightning network introduce non-friendly Bitcoin payments throughout Australia.

On January 4, 2019, the payment gateway LRS and TravelbyBit, the first cryptocurrency travel agency in Australia, went live and launched the new product known as Wallet of Satoshi. For beginners, only 1000 beta portfolios were launched with others to be made available in the following weeks.

How users benefit from Satoshi's portfolio

The Wallet of Satoshi intends to provide Bitcoin entry-level users with access to Lightning payments. In the course of 2018, The Lightning Network has made remarkable progress in its services. During the improvements, LN also managed to break records for both adoption and capacity.

Before the introduction of the new Bitcoin wallet with the grandmother, the technology was still being tested and only users with technical skills could effectively navigate through it.

The developers of the Wallet of Satoshi felt the need to change this restriction. This is why they have created a user-friendly interface that simplifies basic transactions such as sending and receiving payments.

Speaking with Nugget News, a local cryptocurrency journal, managing director Daniel Alexiuc said his company, LRS, wanted everyone and their mothers to be part of the new international economy. He also added that the lightning strike portfolio was a long-awaited retail payment system that has finally arrived.

Currently, the Wallet of Satoshi it is only accessible to 1000 beta users. However, full release is expected in the coming weeks. In addition, users can easily access their portfolios on iOS and Android.

Lightning Networks transactions to increase

Despite the fact that Bitcoin's application for small-scale payments is modest, Lightning Network intends to radically reduce the number of transactions that the Bitcoin network can handle.

He has undertaken preparations to ensure that the numbers increase accordingly. According to 1ML, an online monitoring resource, the numbers are tangible and LN currently has more than 5,000 nodes, almost 18,000 channels and a total capacity of 543 BTC ($ 2,050,000).

Meanwhile, TravelbyBit, a cryptocurrency travel agency, has stated that it has incorporated Lightning Networks payments to all its PoS dealers in Australia. Brisbane Airport is among the merchants of PoS. In addition, Binance, the world's largest cryptocurrency exchange, provided $ 2.5 million in funding to the company in October 2018.

At the same time, there are other teams of developers who are also working hard to grasp the functional and user-friendly concept in LN. As a result, last week BlueWallet managed to publish their offer.

However, BlueWallet is still trying to include more features such as receiving Lightning Networks payments, being able to issue invoices and also incorporating the ability to withdraw from the BTC on-chain portfolios.

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