I get that this title might come off as a bit of a "noob" question.
But hear me out on the whole massive adoption thing. I mean, Bitcoin is still banned in a lot of countries...
With new law projects happening...
Let’s see what unfolds...
Will FIFA 2026 Spark Huge Adoption of the Lightning Network?
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stack_ravenFull Member
Posts: 170 · Reputation: 378
#2Nov 1, 2018, 10:56 AM
FIFA 26 as Football World Cup that takes place this summer?
I don't get it, how is it supposed to help Lightning adoption?
It's gonna take place in the US, Canada and Mexico. All three have more than enough FX infrastructure especially for USD so there won't be any problem exchanging currency.
Yes it's for this summer ... And i know the 3 Hosts already are lands of Crypto ...
BUT NOT ALL THE 32 NATION THAT WILL BE A PART OF THIS EVENT ....
SO THERE IS A + This Summmer
hawk_shardNewbie
Posts: 56 · Reputation: 17
#4Nov 1, 2018, 08:07 PM
I still don't see where you want to end up, OP. Perhaps you are referring to some news that has been published and that I have not yet heard, but what does the World Cup have to do with Lightning Network? Maybe if you simply mentioned Bitcoin I'd understand it better, but you mentioned LN specifically. You mean foreign fans who travel to host countries and use it for small payments?
My point is that WC2026 is the ultimate real-world stress test for Lightning.
If youre a fan coming from a place with high capital restrictions, carrying cash is a risky ....... banks will probably flag your card if you are trying to buy in Mexico or the Canada.
A bad idea is to buy mexican Taccos due to lack of time and buyer has not the obligation to wait for 3 transaction confirmation
If you want this world cup to be a stress test event, the first requirement is majority of users and merchants would use LN. Isn't achieving that a bit of a problem in the first place? Even if banks would flag your card for whatever reason, there might be other options such as using stablecoins if we're forcing it strictly to crypto. Not to mention there's a chance traditional finance market would just adapt and handle transactions differently.
Maybe what can be retained from that situation as a conclusion ; This is the core of speculation....
The maybe thing is what can be retained from the market aspect as a conclusion; This is the core of speculation .... Who knows ...
Who did predict the rise of BTC during 2017 ... maybe some did .... but we have to remember the volatility aspect in both sides
Given how much adoption and regulatory policies that has been created and signed into law in the U.S of which is also a host country among Canada and Mexico, the world cup being powered by Bitcoin would be a new major experience for fans from all around the world who are already so used to the traditional financial system.
The lightning solution could help fans be able to purchase coffee or drinks or burgers or even book for hotels and use bars or pubs or shop for items with their BTC balance, because these host countries have growing Bitcoin economies and can see local businesses using lightning network POS machines or even Bitcoin ATM stands to make transactions easier and faster.
This is a huge step for WWW .... Specially in countries outside American Continent ... maybde for europe it s ok but africa and asia will of course get into it ...
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