Athena Bitcoin and Genesis Coin Team Up to Launch Lightning Network for Bitcoin ATMs in El Salvador and Latin America
Advances Leadership as First and Largest Bitcoin ATM Company Offering Lightning Capability
MIAMI, FL / ACCESSWIRE / November 7, 2023 / Athena Bitcoin Global (OTC PINK:ABIT) a leading international operator of bitcoin ATMs and digital asset fintech solutions and Genesis Coin Inc., the first and largest white-label Bitcoin ATM software platform, announced today they have enabled Lightning Network technology across their technology infrastructure in El Salvador and Latin America. The incorporation of Lightning Network as an option is a major enhancement for customers using Athena Bitcoin and Chivo-branded kiosks in El Salvador and Latin America providing faster withdrawals and minimizing fees.
The upgrade will be rolled out progressively starting with Chivo Bitcoin ATMs in El Salvador. One hundred machines will be Lightning Network-enabled by the end of December, 2023 and the remaining kiosks will follow in the first quarter of 2024. Chivo is the official Bitcoin wallet of the Salvadoran government, which Athena Bitcoin supports through its technology and infrastructure. In addition, Athena Bitcoin will extend this technology to its own branded machines in El Salvador and throughout Latin America, providing its customers across the region the opportunity to enjoy faster and more efficient transactions.
"We are excited to introduce this valuable upgrade for our customers and proud to support continued Bitcoin adoption in El Salvador and globally," noted Matias Goldenhorn, CEO of Athena Bitcoin Global. "Athena Bitcoin and Genesis Coin both leverage technology and deep experience to further empower our customers and to expand opportunities in remittances and cross-border payments as well," he continued.
Doug Carillo, President and Chief Strategist of Genesis Coin added, "Genesis Coin pioneered the Bitcoin ATM industry with the first scalable software platform for operators. We're excited to work with Athena Bitcoin in implementing Lightning Network in cross border payments." He continued, "This is a historical moment and major advancement for all stakeholders. We're always looking for ways to innovate and apply Bitcoin as a tool for financial empowerment in communities all over the world. The low cost of Lightning transactions will allow Salvadorans to keep more money in their pocket and enable smaller and potentially more frequent transactions."
About Athena Bitcoin Global
Athena Bitcoin Global operates an international network of Athena Bitcoin ATMs, which are free standing kiosks that permit customers to buy or sell Bitcoin in exchange for fiat currencies. The Company places its machines in convenience stores, shopping centers and other easily accessible locations in twenty-seven US states and territories, and in 4 countries in Central and South America. Athena Bitcoin Global's comprehensive fintech platform enables POS merchant payments powered by Athena Pay and the Company provides safe, reliable and personalized trading services through its Athena Plus services. To learn more visit www.athenabitcoin.com or follow Athena Bitcoin Global on Twitter and LinkedIn.
About Genesis Coin
Genesis Coin Inc. is the World's first and largest white-label Bitcoin ATM software platform and operates under the BitcoinATM.com parent brand. BitcoinATM.com and its software platforms Genesis Coin and Bitstop collectively power 10,000+ Bitcoin ATMs world-wide with cutting-edge solutions, seamless integration, and unrivaled convenience for entrepreneurs and users alike. Information is available at BitcoinATM.com.
Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and the completion of the public offering on the anticipated terms or at all, and other factors discussed in the "Risk Factors" section of the preliminary prospectus filed with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof, and Athena Bitcoin Global specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.
Press Contacts:
Tina Gregory
Athena Bitcoin Global
Phone Number: 925-381-2974
E-mail: tina.gregory@athenabitcoin.com
Rachele Andrejczak
BitcoinATM.com
Phone Number: 786-870-4859
E-mail: Rachele@bitstop.co
SOURCE: Athena Bitcoin Global
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