Bitcoin ATM Users in Argentina Can Now Use Lightning Network

Argentina
Last updated:
Author
Author
Tim Alper
About Author

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...

Last updated:
Why Trust Cryptonews
Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews
A person’s hand holds a metal coin intended to represent Bitcoin next to a machine with a coin slot.
Source: Birdland/Adobe

Bitcoin ATM users in Argentina can now use the Bitcoin (BTC) Lightning Network, following similar developments earlier this month in El Salvador.

The project is the brainchild of the crypto ATM operator Athena Bitcoin, which launched Lightning Network integration in El Salvador in early November.

The firm says it wants to expand its integration project across the entire Latin American region.

The media outlet CriptoNoticias reported that the firm will roll out the Lightning Network integration service in December.

But the integration is only one-way thus far: Athena explained that Lightning transactions are only available for BTC holders who sell their coins for cash at its ATMs.

Those wishing to use fiat to buy BTC will have to wait, with buying services “not yet available,” the firm said.

Athena has been pushing to integrate the Lightning Network in its machines since 2021, announcing its intentions in an event held in El Salvador.

Conventional BTC transaction fees currently range from just over $3 to more than $13 at the time of writing.

Bitcoin transaction fees at the time of writing.
Source: Mempool.Space

But the media outlet published a photo of an Athena ATM user’s receipt, showing that they had paid just 4 Satoshi (around $0.0015) in fees to withdraw ARS 1,000 (just under $3).

Lightning Network & Bitcoin ATMs: Argentina Primed for Adoption?

Bitcoin and crypto are poised to take off in Argentina, where adoption continues to rise.

Hyperinflation has dogged the economy for years, with the fate of the peso hanging in the balance.

The fiat’s future will be determined at the presidential election run-off, with inflation now standing at just short of 143%.

Both candidates have shown an eagerness to move into the crypto and BTC spaces.

Sergio Massa wants to launch an Argentinean CBDC and mine BTC using state-owned energy resources.

His outspoken opponent Javier Milei proposes scrapping the peso and dollarizing the Argentine economy.

But Milei has endorsed crypto projects in the past, and has spoken about BTC’s credentials in glowing terms on multiple occasions.

More Articles

Opinions
Opinion: Crypto Has a Trust Problem—Here’s How We Can Fix It
Mona El Isa
Mona El Isa
2025-02-16 18:08:06
Features
Coinbase Just Made Huge Predictions on Crypto’s Future
Connor Sephton
Connor Sephton
2025-02-16 18:03:15
Crypto News in numbers
editors
Authors List + 66 More
2M+
Active Monthly Users Around the World
250+
Guides and Reviews Articles
8
Years on the Market
70
International Team Authors