South American Buda Crypto Exchange Buda Adds Bitcoin Lightning Network Support in Chile

South American Bitcoin Exchange Buda Now Supports Lightning Network

Buda, a Chilean cryptocurrency exchange has recently introduced support for Lightning Network (LN) payments on its platform, to allow its users to experiment with the second layer scaling solution.

According to the company’s blog post, users will be able to pay via the Lightning Network using funds they have deposited on the exchange. To do this, all they’ll have to do is get an invoice from a vendor accepting LN payments, and then upload it on Buda’s website. The post says:

“If everything is ok with the details of your purchase, press the ‘Pay’ button and in moments you will receive a confirmation with the result of your payment. The Bitcoin that you use will be deducted from your balance and the payment will appear in the list of recent Bitcoin withdrawals.”

Here is a list of services that you can pay for using Lightning:

  • Bitrefill: Purchase prepaid cards for your cell phone, vouchers to buy games on Steam, and several other services.
  • Bitlaunch: You can pay for different hosting services, such as Digital Ocean, Vultr and Linode.
  • LNSMS: Send text messages (SMS) to any cell phone anywhere in the world.
  • CoinMall: Buy games, software books, and art.
  • JoltFun: Buy games from different platforms like Steam, BattleNet and XBox Live.

As Lightning Network is a new technology, still in the experimental phase, at the moment there are not many services that offer Payments occupying Lightning. However, there are some sites that allow you to try and experiment with Lightning:

  • Satoshis Place: Participate in a collaborative drawing, paying 1 Satoshi per pixel.
  • Satoshis Tweet: Pay to tweet from the Satoshis account Tweet.
  • Yalls: Pay to read articles on cryptocurrencies and related topics.

Recently, Buda made headlines after seeing Chile’s anti-monopoly court order two major Chilean banks to re-open its accounts. Buda had filed a lawsuit against ten banks, including those ordered to re-open its accounts: Itau Corpbanca and Banco Estado.