Wallet of Satoshi Removes App from US App Stores
A popular Bitcoin Lightning wallet provider, Wallet of Satoshi, has announced that it will be removing its app from the US Apple and Google app stores. The decision was shared with the community through a Twitter post, stating that they will no longer cater to customers in the country. Speculation has arisen that this move may be a response to increasing hostility from US regulatory authorities towards the cryptocurrency industry.
Disappearance of Wallet of Satoshi in the US
Several users noticed that Wallet of Satoshi had disappeared from the Apple App Store and Google Play Store in the United States. This occurred as the app was approaching a milestone of over a million transactions this month. Users took to Twitter to share their experiences, reporting either no search results or being redirected to alternative wallet applications. It is worth noting that the app remained available for download in other countries on Apple’s App Store.
Confirmation of Exit from the US Market
Wallet of Satoshi confirmed its exit from the US market through a tweet, expressing their dedication to providing the best Bitcoin experience but stating that they have made the difficult decision to remove their app from the US Apple and Google app stores and will no longer serve US customers.
Reasons Behind the Decision
The specific reasons for Wallet of Satoshi’s exit from the US market have not been disclosed. However, some crypto users have connected this move to the regulatory environment in the country, pointing to recent legal actions against Binance and its former CEO as potential catalysts. Despite this decision, Wallet of Satoshi reassured its US user base that they still have full access to their Bitcoin funds and can withdraw and transfer them to another wallet.
Hot Take: Impact on Bitcoin Lightning Network
The exit of Wallet of Satoshi from the US market is seen as a setback for the Bitcoin Lightning Network, which has experienced significant growth in recent years. While the reasons for this decision remain uncertain, it highlights concerns about potential regulatory crackdowns in the cryptocurrency industry. Wallet of Satoshi expressed hope for future developments that may allow them to resume operations in the US, indicating that they are open to revisiting their decision.
By
By
By
By