DeFi News Today TheBitTimes.com

The CEO of Lightning Koffee launched the coffee startup in October with the aim of onboarding Medellín's businesses to Bitcoin. José Luis Garcia is a coffee -lover and entrepreneur trying to make his mark in the city of Medellín — the birthplace of Colombia’s modern coffee industry. Since the October launch of his start-up Lightning Koffee, Garcia has two goals in mind: Make a decent cup of joe and spread the word about Bitcoin (BTC). His coffee beans — which he's called “The Bitcoiners Coffee” — are sourced and processed locally and are known for having a sweet after-taste. Garcia believes his Colombian coffee can serve as a bridge for his fellow Paisas (Medellín locals) to lessen their reliance on the unpredictable Colombian peso and lean more toward adopting Bitcoin. “We have the best coffee in the world and I want my coffee brand to spread the word about Bitcoin so that other businesses will begin to receive it too,” Garcia said in an interview with Cointelegraph. He ...

Over the last six months, between July to the end of 2022, just 94 Bitcoin ATMs were added to the global network. While Bitcoin (BTC) ATMs were an afterthought to Satoshi Nakamoto’s vision of sound money, they are now considered one of the main pillars of Bitcoin’s mainstream adoption. However, the global Bitcoin ATM network, which used to add thousands of machines each month in 2021, recorded a net addition of just 94 Bitcoin ATMs over the past six months since July 2022. A year-long bear market in 2022 — accompanied by geopolitical tensions and global inflation — hindered various initiatives aiding the growth of the entire crypto ecosystem. As a result, efforts to install new Bitcoin ATMs dipped in many countries that once spearheaded the initiative. Chart showing the number of bitcoin machines installed over time. Source: CoinATMRadar Over the last six months, between July to the end of 2022, just 94 Bitcoin ATMs were added to the global network. In contrast, a modest 4,169 ATMs w...