Nodl product allows developing regions to take Bitcoin

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Nodl, a provider of bitcoin hardware nodes, has launched a new node offering for traders in developing countries, Bitcoin Magazine reported on Wednesday (December 1st).

The product, called nodl light, is a Lightning Network node offering. Available in early 2022, it will not only allow merchants to accept bitcoin payments on Lightning, but also allow them to maintain full control of their wallets and keys.

In a statement, nodl called it a “new modular approach that highlights efforts to bring bitcoin to a wider audience while placing a strong emphasis on security.” Bitcoin Magazine notes that the product was boosted by El Salvador’s selection of bitcoin as legal tender.

Nodl wanted to offer merchants across the country an “effortless” way to enable merchants in that country to accept the digital asset as payment in exchange for goods and services.

Meanwhile, Facebook is looking to make it less difficult to run a cryptocurrency ad on its platform, according to a press release from parent company Meta.

The platform will now accept 27 different regulatory licenses for crypto ads, up from three licenses it previously accepted. The change comes as the crypto field continues to mature and stabilize, and has “seen more government regulations that set clearer rules for their industry.”

With the changes, the company says it will try to be more “fair and transparent” in helping businesses reach more customers.

This is a change from the old rules, in which advertisers could submit applications with additional information about their licenses, whether they were traded on public exchanges and any other relevant information.

As the crypto market has evolved in recent years and faces more regulation, this has added to the responsibilities and expectations of the industry.

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NEW PYMNTS DATA: 2021 HOLIDAY SHOPPING PERSPECTIVES

By the way: It’s almost time for the holiday shopping season, and nearly 90% of U.S. consumers plan to do at least some of their purchases online – 13% more than in 2020. On the 2021 Holiday Shopping Outlook, PYMNTS surveyed over 3,600 consumers. to find out what drives online sales this holiday season and the impact of product availability and personalized rewards on merchant preferences.

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