Wallet of Satoshi Exits US Market Amidst Record-Breaking Month, Leaving Customers to Seek Alternatives

On Friday, Wallet of Satoshi, a supplier of Lightning Network outgo services, announced its departure from the U.S. market, though it refrained from providing circumstantial reasons. The steadfast informed its U.S. clientele that they could “withdraw and transfer” their funds to a antithetic wallet.

Wallet of Satoshi Halts U.S. Operations

A caller update connected X (previously known arsenic Twitter) revealed that Wallet of Satoshi (WoS), headquartered successful Australia, is ceasing operations successful the United States. WoS, an exertion disposable connected iOS and Android, enables users to negociate bitcoin (BTC) and Lightning Network transactions. Daniel Alexiuc established the institution successful 2018.

The announcement from WoS expressed, “We’ve made the hard determination to region our app from the U.S. Apple and Google app stores, and volition not service U.S. customers going forward.” The statement emphasized, “This determination doesn’t travel lightly. Our committedness to providing a secure, user-friendly, and compliant level globally is unwavering. Our apical precedence is the information and interests of our customers and our company.”

Further, the WoS connection mentioned:

We recognize this whitethorn beryllium disappointing quality and we stock your frustration. We’re hopeful that aboriginal developments volition let america to revisit and perchance resume our operations successful the U.S.

This determination coincides with what was shaping up to beryllium a record-breaking period for WoS, arsenic observed by Kevin Rooke. “Wallet of Satoshi is connected gait to process implicit 1.1 cardinal Lightning payments successful November,” stated Rooke 2 days prior. He attributed the surge successful transactions this period mostly to effectual Lightning advertising.

What bash you deliberation astir the Wallet of Satoshi leaving the U.S. and pulling its apps from the Google Play and Apple App Store? Share your thoughts and opinions astir this taxable successful the comments conception below.