Lightspark’s use case is tailor-made for solving cross-border payments and remittances, as it can provide an alternative to slow and expensive bank transfers. Nicolas Cabrera, vice president of product at Lightspark, expects Lightspark’s track to reach 250 million users next year, using services provided by partners such as Coinbase and Latin American institutions such as Bitso and Nubank.
Cabrera called Latin America the most important market for Lightspark because 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 network of partners that we already have here provides a good benchmark for what type of experience we can bring to our partners and scale globally.
This means that Latin America may be seen as a testing ground for Lightspark’s products, seeking to test its products on a large scale before entering other markets with larger transaction volumes.
