⚡ SCALING BITCOIN

Fedi Raises $4 Million To Scale Bitcoin Custody With Fedimint
By Namcios

Fedi Inc. is a company dedicated to building global Bitcoin adoption technology that aims to allow anyone to use Bitcoin easily, securely, and collaboratively. The firm announced on Tuesday, a 4.2 million raise of capital that would allow them to onboard more users onto Bitcoin with the Fedi app and Fedimint, an open-source protocol based on the concept of “second-party custody.”
Fedi Inc's goal is to allow billions of people without any sort of technological skills to hold bitcoin off exchanges by offering them a custody service that does not require trust to a total stranger or third-party, but rather, a well-known and trusted “second-party custodian,” such as a family member or a close friend.
In a nutshell, Fedimint wallets have the potential to bring strong privacy to Bitcoin users with better security than third-party custody setups and more ease of use than fully-fledged self-custody solutions.

📰 THE DAILY BITS

IBEX Mercado, OSMO Wallet Partner To Further Bitcoin Adoption In Guatemala
By Shawn Amick

People from Guatemala using OSMO wallet have now access to low-cost bitcoin remittances and payments, due to a new partnership with IBEX Mercado.
With OSMO's app, users will be able to transact with bitcoin or local currency, just as businesses can use the app's point-of-sale to receive payments in either currency. The extension of optionality will provide the user a seamless experience.
Central America is known for having about 70% of the population unbanked, but the smartphone penetration rate is quite high. By educating and empowering the local communities which have been historically excluded, the potential of bitcoin adoption is paramount.

MEME OF THE DAY