Hello Humble Bitcoiners!

Thursday — as the weekend approaches, we must feed the natural Bitcoiner hunger for high-signal content.
📝 Today's Rundown
  • Scaling Bitcoin: Fedi raised $4 million to accelerate the development of the Fedimint protocol and its companion app Fedi — tools that can improve and scale bitcoin custody.
  • Adoption In Guatemala: Users will have access to Bitcoin’s Lightning Network using OSMO Wallet with IBEX’s infrastructure enabling low-cost, instant payments with cash-out locations.
Learn More

⚡ SCALING BITCOIN

Fedi Raises $4 Million To Scale Bitcoin Custody With Fedimint
By Namcios

Fedi Inc. is a company dedicated to building global Bitcoin adoption technology that aims to allow anyone to use Bitcoin easily, securely, and collaboratively. The firm announced on Tuesday, a 4.2 million raise of capital that would allow them to onboard more users onto Bitcoin with the Fedi app and Fedimint, an open-source protocol based on the concept of “second-party custody.”

Fedi Inc's goal is to allow billions of people without any sort of technological skills to hold bitcoin off exchanges by offering them a custody service that does not require trust to a total stranger or third-party, but rather, a well-known and trusted “second-party custodian,” such as a family member or a close friend. 

In a nutshell, Fedimint wallets have the potential to bring strong privacy to Bitcoin users with better security than third-party custody setups and more ease of use than fully-fledged self-custody solutions.
Read Full Article

📰 THE DAILY BITS
1. Próspera is a charter city within Honduras that has detailed a framework for making bitcoin legal tender — but what is it really trying to achieve?

2. Bitcoin mining is an incredibly difficult industry to start out in and all of its complexities may be lost on those unaware.

3. The central bank will detail a framework to ensure businesses are properly regulated within its jurisdiction while encouraging business in the ecosystem.

4. This guide from Bitcoin Magazine's "Censorship Resistant" issue offers instructions on using bitcoin privately in multiple languages.

5. Online censorship is becoming increasingly normalized as growing restrictions, deplatforming and its other manifestations have become so pervasive that many have simply come to accept it.
🌏 ADOPTION IN GUATEMALA

IBEX Mercado, OSMO Wallet Partner To Further Bitcoin Adoption In Guatemala
By Shawn Amick

People from Guatemala using OSMO wallet have now access to low-cost bitcoin remittances and payments, due to a new partnership with IBEX Mercado.

With OSMO's app, users will be able to transact with bitcoin or local currency, just as businesses can use the app's point-of-sale to receive payments in either currency. The extension of optionality will provide the user a seamless experience.

Central America is known for having about 70% of the population unbanked, but the smartphone penetration rate is quite high. By educating and empowering the local communities which have been historically excluded, the potential of bitcoin adoption is paramount.
Read Full Article

MEME OF THE DAY 
By kastle

Be wary of the TA Bros and the thousands of beautiful, and ugly, promises. By just dollar-cost averaging into bitcoin, you could find mental peace knowing that your money will be held in a stronger asset.

The only thing bitcoin needs to grow, is time.

With love,
Bam
Today's email was brought to you with ♥ by Bam.
Keep on reading, keep on stacking.
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