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Bitcoin Beach wallet creator Galoy aims to replicate El Salvador project

Galoy, the startup that created the open-source, Lightning Network-compatible Bitcoin Beach wallet, recently completed a $3 million seed round to ramp up its operations and help bring its Bitcoin banking platform to more communities, businesses and governments.  Miami-based Galoy, launched Bitcoin Beach as a proof-of-concept in the El Salvador surf town of El Zonte in October 2020. The wallet supports the local Bitcoin Beach project there, which has sought to create a bitcoin-based economy. The wallet has more than 6,000 …

Gemini and Bancolombia to launch crypto pilot this month

Certain Bancolombia customers will soon be able to buy cryptocurrencies more easily, thanks to a pilot project launching next week that will allow users of the Colombian bank to link their accounts to New York-based exchange Gemini. The project involves connecting selected Bancolombia accounts to Gemini to facilitate cash-in and cash-out operations. This will provide an on- and off-ramp for trading bitcoin (BTC), ether (ETH), Bitcoin Cash (BCH) and Litecoin (LTC).  “Our whole goal with this partnership is to make …