Lightspark, one of the largest financial services companies focused on building products on Bitcoin’s Lightning Network, seeks to expand its services into Latin America. The startup specializes in building infrastructure for other companies looking to integrate Lightning Network services, enabling end users to make Bitcoin transactions faster and cheaper. Lightspark’s use cases are tailored to address cross-border payments and remittances, as it can provide an alternative to slow and expensive bank transfers. Lightspark’s VP of Product, Nicolas Cabrera, anticipates the company’s trajectory to reach 250 million users next year using partnerships with companies like Coinbase as well as Latin American institutions like Bitso and Nubank.

Cabrera calls Latin America Lightspark’s most important market, as the region has shown an openness to adopting decentralized financial solutions compared to other parts of the world. In an interview with local media, Cabrera said:

“The partner network we already have here provides us with a good benchmark of what kind of experience we can bring to our partners and how we can scale globally.”

This means that the Latin American region could be seen as a testing ground for Lightspark’s products, seeking to test its offerings on a large scale before entering other markets with higher trading volumes.