The startup behind the open-source project wants to expand the product to other communities, businesses and governments.
“We’re really scaling up from what started out as a proof-of-concept," said Begin."The Bitcoin Beach wallet is being turned into its own company with local leadership,” he said. He did not name any specific companies or governments interested in using the wallet.
According to a press release from Galoy, its technology is designed to enable “any community, company or government to offer banking services using Bitcoin and Lightning.” The company says its open-source platform includes a backend API, point-of-sale apps, mobile wallets, compliance tools and administrative controls. It also offers what it calls"Banking-as-a-Service."
“Galoy is not in the business of being the bank — we want to provide the software, the infrastructure for others to repeat what we saw happen in El Zonte in El Salvador,” Begin continued. “So we’ll be scaling operations, team development, in order to really bring the platform to a broader audience to the right places around the world.”
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