Lightning Network

AfriBit Africa introduces bitcoin to Soweto West in Kibera, Kenya's largest slum, enabling around 200 residents, including garbage collectors and local merchants, to use bitcoin for daily transactions via the Lightning Network. This initiative aims to provide unbanked individuals with faster, low-fee alternatives to traditional mobile money services like M-PESA, despite concerns from experts regarding bitcoin's volatility and regulatory challenges.

Bitcoin not only continues to lead the cryptocurrency market, but companies like Lightspark are now integrating stablecoins with its blockchain. This move leverages Bitcoin's security to create a trust-minimized environment for various applications.