Why this UK territory is adopting the Bitcoin Lightning Network

Cointelegraph reporter Joe Hall visited Gibraltar to explore (BTC) adoption on “The Rock,” as the peninsula is known locally, and how the adoption of Bitcoin for shopping in the territory is impacting business.

The visit was also an opportunity to visit Xapo Bank, the world’s first private financial institution to combine traditional banking with Bitcoin. Coinbase (NASDAQ:) acquired its custody business in 2019, making the American exchange the largest crypto custodian in the world.

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