Bitcoin and Crypto Exchange HTX To Integrate Lightning Network

September 13, 2024

Introduction to HTX and Lightning Network

HTX, one of the largest Bitcoin and cryptocurrency exchanges globally, has made headlines by announcing its partnership with Bitcoin firm IBEX. The goal? To integrate the Bitcoin Lightning Network into HTX’s ecosystem.

This is a major move, especially considering HTX’s immense scale, with over 45 million registered users, and its standing as a leading platform for Bitcoin trading and custody in Asia and across the world.

What is the Lightning Network?

To understand the significance of this integration, it’s essential to delve into what the Lightning Network is. The Lightning Network is a second-layer payments protocol that operates on top of the Bitcoin blockchain.

In simple terms, while Bitcoin transactions can sometimes be slow and expensive due to network congestion and high fees, the Lightning Network addresses these challenges. It enables almost instantaneous transactions at a fraction of the cost, enhancing both the speed and affordability of Bitcoin as a medium of exchange.

Built on top of Bitcoin
Enables near-instant transactions
Significantly lowers transaction fees
Improves Bitcoin scalability for day-to-day use

The Importance of Lightning Integration for Exchanges

Exchanges have long sought ways to streamline the Bitcoin transaction process. One of the most effective solutions has been the implementation of the Lightning Network. By doing so, exchanges can offer users faster, cheaper, and more efficient Bitcoin transactions.

HTX’s decision to adopt this technology is a strategic one and represents a broader trend in the industry. With platforms like Coinbase already embracing the Lightning Network, it’s clear that the mainstream adoption of this technology is now well underway.

Ongoing Tension Between El Salvador and the IMF Over Bitcoin Adoption

Cryptocurrency vs. Traditional Finance: Which is Better?

The Dark Side of Cryptocurrency: Scams and Risks to Avoid

Blockchain in Today’s Realities: Transforming Industries and Shaping the Future

Is Bitcoin’s weekly drop a buying opportunity?

Bitcoin targets $70,000 as stablecoin inflows and China’s stimulus drive rally

Lightning increases transaction speed
Reduces fees, making smaller transactions feasible
Enhances user experience with quicker deposits and withdrawals
Boosts platform competitiveness in the crowded exchange market

The Strategic Partnership with IBEX

HTX’s partnership with IBEX is key to making this integration a reality. IBEX has established itself as a leading player in the Bitcoin and Lightning Network space, providing solutions that make it easier for businesses and platforms to adopt Lightning.

According to an HTX spokesperson, “Through this strategic partnership, HTX and IBEX will jointly promote the application and popularization of Bitcoin and Lightning Network technology worldwide, providing users with more efficient, secure, and convenient digital asset trading services.”

This collaboration will be pivotal in bringing Lightning technology to the forefront of digital asset trading. With IBEX’s expertise in Lightning, HTX users will soon benefit from faster payments and withdrawals, along with reduced transaction fees.

This marks a major leap forward in the capabilities of HTX’s platform, giving it a competitive edge in an increasingly saturated market.

Benefits of Lightning Network Integration

There are numerous benefits to integrating the Lightning Network into an exchange ecosystem like HTX’s. For users, the most obvious advantage is speed. Bitcoin transactions that would typically take 10 minutes or more due to block confirmations can now be completed almost instantly.

This is particularly beneficial for those engaging in high-frequency trading or users who need to move funds quickly.

For HTX, the benefits are equally substantial.

By adopting Lightning, HTX reduces the congestion on the Bitcoin network, allowing for more streamlined operations. Additionally, lower fees on the Lightning Network make it feasible for users to engage in smaller, everyday transactions, further increasing the platform’s appeal.

The Broader Implications for the Bitcoin Community

The integration of the Lightning Network by major exchanges like HTX and Coinbase signals a turning point for the Bitcoin ecosystem.

For years, Bitcoin has been criticized for its scalability issues, with high transaction fees and long confirmation times limiting its practicality for day-to-day use. The Lightning Network changes that.

As more exchanges adopt Lightning, Bitcoin’s potential as a global medium of exchange is finally being realized.

What was once a slow and cumbersome process is now becoming fast, efficient, and affordable. This enhances Bitcoin’s position as a viable alternative to traditional payment systems and boosts its adoption among both businesses and consumers.

Lightning boosts Bitcoin’s real-world utility
Enables microtransactions, making Bitcoin practical for everyday use
Strengthens Bitcoin’s position as a leading global payment method
Enhances user confidence in Bitcoin’s long-term viability

HTX Leading the Charge for Lightning Adoption

HTX’s decision to integrate the Lightning Network demonstrates its commitment to innovation and user satisfaction. By staying at the forefront of technology and offering cutting-edge solutions, HTX is positioning itself as a leader in the cryptocurrency exchange industry.

Moreover, this move is likely to encourage other exchanges to follow suit, accelerating the mainstream adoption of the Lightning Network. As more platforms implement Lightning, the broader Bitcoin ecosystem will become more efficient, more accessible, and more appealing to users worldwide.

Challenges of Lightning Integration

While the benefits of the Lightning Network are clear, it’s important to note that integration isn’t without its challenges.

For one, the Lightning Network is still a relatively new technology. This means that there are some technical hurdles to overcome in terms of ensuring its seamless integration with existing systems.

Additionally, user education is crucial.

Many people are still unfamiliar with the Lightning Network and may not fully understand how it works. This presents an opportunity for HTX and other exchanges to offer educational resources and tools to help users make the most of this new technology.

Technical hurdles in integrating Lightning with existing systems
User education and awareness about Lightning’s functionality
Security considerations to ensure user funds remain safe

Looking Ahead: The Future of Bitcoin Transactions

With HTX’s integration of the Lightning Network, the future of Bitcoin transactions is looking brighter than ever. The adoption of this technology is a major step forward in addressing Bitcoin’s scalability issues and making it a more practical solution for everyday use.

As more exchanges follow HTX’s lead, the Lightning Network will become an integral part of the Bitcoin ecosystem, further solidifying Bitcoin’s position as a dominant global payment system.

In conclusion, HTX’s partnership with IBEX to integrate the Lightning Network is a game-changer for both the exchange and the broader cryptocurrency industry.

By offering faster, cheaper, and more efficient transactions, HTX is setting the stage for the next phase of Bitcoin adoption. The future of cryptocurrency is fast approaching, and HTX is leading the way.

Source: bitcoinmagazine.com

Like it? Share it with your friends!

Revolutionizing Bitcoin Mining: The Power of Three-Phase Systems

Since the advent of the first ASIC miner in 2013, Bitcoin mining has undergone significant advancements, with hardware efficiency improving from 1,200 J/TH to a remarkable 15 J/TH. As we approach the limits of silicon-based semiconductors, future gains in efficiency are increasingly reliant on optimizing mining infrastructure, particularly the power setup. One notable shift is the adoption of three-phase power over traditional single-phase systems. This transition is crucial for enhancing efficiency and scalability in Bitcoin mining operations. Understanding Single-Phase and Three-Phase Power To grasp the benefits of three-phase power in Bitcoin mining, it’s important to understand the basics of single-phase and three-phase power systems. Single-Phase Power: Commonly used in residential settings, single-phase power consists of two wires: one live and one neutral. The voltage oscillates sinusoidally, leading to periods of maximum and zero power delivery. This can result in inefficiencies for high-demand applications, though it’s generally sufficient for residential use. Three-Phase Power: Used primarily in industrial and commercial settings, three-phase power involves three live wires that provide a more constant and balanced power flow. This results in smoother and more efficient power delivery, akin to having multiple people pushing a swing at different intervals, ensuring continuous motion. The Evolution of Bitcoin Mining Power Requirements Bitcoin mining has evolved significantly since its early days. Initially relying on CPUs and GPUs, the introduction of ASIC miners marked a major advancement, offering specialized efficiency for mining operations. However, as mining technology progressed, so did the power demands. For example: In 2016, a top miner achieved 13 TH/s with a power consumption of around 1,300 W. Today, mining rigs require approximately 3,510 W to remain competitive in the market. As mining hardware became more power-intensive, the limitations of single-phase power systems became apparent, leading to the adoption of three-phase power as a more viable solution. Benefits of 480v Three-Phase Power in Bitcoin Mining The adoption of 480v three-phase power systems offers several advantages for Bitcoin mining operations: Efficiency: Three-phase power delivers higher power density, reducing energy losses and ensuring optimal performance of mining equipment. For instance, a load requiring 17.3 kilowatts at 208v three-phase needs 48 amps, while the same load at 480v only needs 24 amps, cutting power loss and wiring costs. Cost Savings: Implementing a three-phase system reduces the need for transformers, thicker wiring, and voltage stabilization equipment, leading to lower installation and maintenance expenses. Scalability: Three-phase power systems are widely available and allow for easy expansion of mining operations without major infrastructure overhauls, making them ideal for growing mining setups. Implementing Three-Phase Power in Bitcoin Mining Operations Transitioning to a three-phase power system involves several key steps: Assessing Power Requirements: Calculate the total power consumption of mining equipment to determine the necessary capacity for the power system. Upgrading Electrical Infrastructure: Install new transformers, wiring, and circuit breakers as needed, working with qualified engineers to meet safety and regulatory standards. Configuring ASIC Miners: Ensure that ASIC miners are compatible with three-phase power or modify older models if necessary. Implementing Redundancy: Install backup generators, uninterruptible power supplies, and redundant power circuits to ensure continuous operation and protect against outages. Monitoring and Maintenance: Regularly inspect and maintain the power system to ensure optimal performance and address potential issues proactively. Conclusion As Bitcoin mining technology advances and chip processing capabilities approach their limits, optimizing power setups becomes increasingly critical. Three-phase power, particularly at 480v, offers significant advantages in terms of efficiency, cost savings, and scalability. By adopting a three-phase power system, miners can enhance their operational efficiency, reduce costs, and future-proof their infrastructure against growing demands. The transition to three-phase power represents a crucial step in the evolution of Bitcoin mining, paving the way for more sustainable and profitable operations. With careful planning and implementation, miners can leverage the full potential of their equipment and maintain a competitive edge in the rapidly evolving cryptocurrency landscape. Source: bitcoinmagazine.com
>>Read more
10 Tips on How To Get Organic Traffic For Crypto Startups

As a crypto startup, your success needs to get free attention to your website. Organic traffic is the number of people who find your website through search results that don’t cost you anything. Below are ten ways to get free attention to your cryptocurrency startup. The article was written with the help of FINPR who help crypto companies with crypto SEO. Create High-Quality Content: Creating high-quality content that is useful to your audience is one of the best ways to get organic traffic. You can write educational or useful blog posts, make infographics, or make videos. By making content that is interesting and useful, you can get more people to visit your website and improve your chances of getting higher on search engine results pages. Optimize Your Website: You need to optimize your website to make it show up more often in search results. Using keywords in your text, meta tags, and headings is one way to do this. You should also make sure that your website works well on mobile devices, loads quickly, and is easy to use. A well-optimized website is more likely to rank higher in search engine results and get more traffic from search engines. Use social media: Social media is a great way to promote your material and bring people to your website. By sharing your information on social media, you can reach more people and get them to check out your website. You can also connect with your followers and get to know them through social media. Use email marketing. Email marketing is a good way to stay in touch with your audience and get people to visit your website. You can use email newsletters to let your subscribers know about your new content, promote your goods, or offer them special deals. You can build a loyal crowd that is more likely to visit your website if you use email marketing. Influencer marketing is a way to spread your brand by working with people who have a lot of followers on social media. By teaming up with people who have a lot of followers, you can reach more people and get more people to visit your website. Influencer marketing can also be used to build your brand and boost your reputation in the industry. Guest blogging is a great way to get your name out there and get people to visit your website. By writing guest blog posts for other websites in your field, you can reach a new audience and connect with other writers. You can also put a link to your website in your guest posts, which can bring more people to your site. PR and posting your articles on the best crypto blogs is also a good idea. Do Keyword Research: Keyword research is the process of finding the terms that your target audience is looking for. By doing keyword research, you can make sure that your website and content are optimized for the terms that your audience is most interested in. This can help you get a better ranking in search engine results and get more traffic from search engines. Participate in online communities. Online communities are a great way to connect with your target audience and get people to visit your website. You can take part in industry-related forums, social media groups, or Reddit posts. By giving something of value to the community and getting involved, you can build relationships and get people to visit your website. Use video marketing. Video marketing is becoming more and more popular, and it’s a great way to get people to your website without paying for ads. You can get more people to visit your website and build relationships with your audience by making movies that teach or entertain. Video marketing is another way to get the word out about your goods or services and boost sales. Use local SEO. Local SEO is the process of making your website better for local search results. If you have a storefront, it’s important to use area keywords on your website. This can help you get a better ranking in local search results and get more customers in your area. You can also promote your business and get more people to visit your website by listing it in local directories and on review sites. In conclusion, your crypto company needs a multi-pronged plan to get organic traffic. By using the ten ideas listed above, you can make it more likely that people will visit your website. If you are looking for people who’ll help with crypto SEO, crypto PR company FINPR is a good choice. In the past few years, FINPR has done SEO for 5+ crypto startups as well as crypto media and has SEO Packages for any budget.
>>Read more
Japan’s Largest Power Company TEPCO is Mining Bitcoin Using Renewables

In an innovative move to utilize excess renewable energy, Tokyo Electric Power Company (TEPCO), Japan’s largest electricity provider, has begun mining Bitcoin through its subsidiary Agile Energy X. This initiative marks a significant step in the intersection of clean energy and cryptocurrency, utilizing energy that would otherwise go to waste. As reports from Asahi indicate, TEPCO’s approach not only demonstrates the potential for Bitcoin mining to be environmentally sustainable but also highlights how the process can support renewable energy production and grid stability. The TEPCO Initiative: Mining Bitcoin with Surplus Renewable Energy TEPCO serves more than 27 million residential and business customers, making it one of Japan’s most important energy providers. In 2022, TEPCO established its subsidiary, Agile Energy X, with a focus on innovation in energy use and management. The latest venture of Agile Energy X is Bitcoin mining, where it taps into unused energy from solar and wind farms in the Gunma and Tochigi prefectures. Solar and wind energy are inherently variable, often producing more electricity than the grid can handle, especially during peak generation periods. In many instances, this surplus energy is wasted as power producers are forced to curtail generation to avoid overloading the grid. TEPCO’s initiative addresses this inefficiency by redirecting the surplus energy into Bitcoin mining operations. Mining rigs are set up near the solar farms, converting the unused energy into cryptocurrency, thus turning potential waste into a profitable resource. The Need to Address Wasted Renewable Energy One of the key challenges for renewable energy producers, particularly solar and wind, is the inability to fully capture and utilize all the energy they generate. Grid limitations and fluctuating demand often result in excess energy that cannot be fed into the system. This wasted energy not only represents a missed opportunity for revenue but also acts as a barrier to further investment in clean energy infrastructure. Kenji Tateiwa, the president of Agile Energy X, emphasized the importance of finding productive uses for surplus energy. He remarked, “Green energy producers have to operate their businesses on the assumption that part of the power they generate is wasted. If bitcoins were to provide a new source of income for similar power producers, who are being exposed to overinvestments, that would prompt more green energy to be introduced.” By monetizing wasted energy through Bitcoin mining, the TEPCO initiative creates a new revenue stream for renewable energy providers. This extra income could offset costs and encourage further investments in renewable technologies. In turn, it could accelerate Japan’s clean energy transition while maintaining profitability for energy producers. How Bitcoin Mining Can Incentivize Renewable Energy Bitcoin mining has garnered a controversial reputation due to the high levels of energy consumption associated with the process. Critics argue that Bitcoin mining is an environmentally damaging activity, given the vast amounts of electricity required to maintain the blockchain and validate transactions. However, TEPCO’s venture into Bitcoin mining presents an alternative narrative: mining can serve as an enabler of clean energy growth rather than an environmental burden. In this context, Bitcoin mining is not consuming energy that would otherwise be directed toward essential uses or increasing the carbon footprint of energy production. Instead, it is utilizing surplus energy that would otherwise go to waste, reducing inefficiencies in the grid and creating economic value from unused resources. By doing so, the project aligns with the broader goals of energy efficiency and sustainability, while providing a financial incentive for further expansion of renewable energy capacity. This connection between Bitcoin mining and renewable energy growth is crucial. As renewable energy production continues to increase globally, the ability to manage and monetize surplus energy becomes more important. Bitcoin mining offers a way to do just that, providing an outlet for energy that would otherwise be lost. Moreover, profits from Bitcoin mining can be reinvested into expanding renewable energy capacity, creating a positive feedback loop that drives further clean energy adoption. Global Examples of Bitcoin Mining with Renewable Energy TEPCO’s innovative use of surplus renewable energy for Bitcoin mining is not an isolated example. Other countries and companies around the world are also exploring how to use renewable energy for cryptocurrency mining, further dispelling the myth that Bitcoin mining is inherently harmful to the environment. One notable example is El Salvador, the first country to adopt Bitcoin as legal tender. El Salvador uses excess geothermal energy from its volcanic regions to power Bitcoin mining operations. Geothermal energy, like solar and wind, can generate surplus power during times of low demand, and Bitcoin mining provides a way to utilize that energy efficiently. The success of El Salvador’s geothermal-powered mining initiative has demonstrated that Bitcoin mining can be compatible with renewable energy growth. Similar projects are emerging in other regions where renewable energy is abundant but underutilized. For example, Iceland’s vast geothermal resources have made it a hotspot for Bitcoin mining, where the energy required for mining is drawn from the island’s renewable energy reserves. In places like Texas, Bitcoin miners have set up operations to take advantage of excess wind power that would otherwise be wasted. These initiatives show that the synergy between Bitcoin mining and renewable energy is not only possible but can be a valuable tool in reducing energy waste and promoting clean energy. By tapping into renewable energy sources that would otherwise be underutilized, Bitcoin mining has the potential to support the expansion of green energy infrastructure while generating economic value. Environmental Implications: Rethinking Bitcoin Mining’s Impact The traditional narrative surrounding Bitcoin mining often focuses on its energy consumption and potential environmental harm. This is partly due to the decentralized nature of Bitcoin mining, which can occur anywhere in the world, often without regard to the source of energy being used. As a result, some mining operations have been criticized for relying on coal or other non-renewable energy sources, contributing to carbon emissions and environmental degradation. However, as the TEPCO project and other similar initiatives illustrate, Bitcoin mining does not have to be environmentally harmful. When mining operations >>Read more
>>Read more
Any drop in Bitcoin is now a buying opportunity

The four-year cycle that has always characterized the bitcoin market remains intact, creating a sense of optimism. Breaking above $65,000 represents a new technical scenario. According to analyst Scott Melker, known as “the wolf of all streets,” a bullish phenomenon known as “uptober” is on the horizon. Given Bitcoin’s (BTC) current behavior, key months could be approaching for its investors. Melker states in his weekly report that he is “fully convinced that any drop is now a buying opportunity, should it occur.” He expresses optimism regarding Bitcoin’s performance. As September comes to a close, a month historically known for poor average performance for Bitcoin, this year tells a different story. Initially, it appeared that bitcoin would face its usual difficulties during this time of year. However, as the month nears its end, it has turned out to be a strong period for investors, with the price rising by 11% so far in September. “Part of the reason I’m not surprised by this good outcome is that everyone in the sector agreed September would be a terrible month, and from the start, it seemed like that prophecy was coming true”. In his view, this situation created the perfect opportunity for the market to jump ahead of the starting line. Currently, the prevailing sentiment in the market is that cryptocurrencies are poised for a surge in the fourth quarter of 2024. This optimism is fueled by interest rate cuts in both the United States and China, along with the historical trend of this time of year being bullish as operations resume after summer in the northern hemisphere. Melker emphasizes, “Uptober awaits us,” a term that combines “up” and “October,” indicating this month has historically closed with bitcoin on the rise. However, the specialist reminds us that operations do not always unfold as the consensus expects. Therefore, he does not dismiss potential price retracements that investors can take advantage of if the bullish thesis continues. Additionally, he contrasts that there is a distinction between consensus within the cryptocurrency space and outside of it. In this sense, he observes that, while there may be expectations for growth in altcoin ecosystems like Ethereum and Solana, this is not reflected externally. “Solana and Ethereum may reach that point, but at this moment, bitcoin is the only asset that will grow regardless of the consensus we have about it internally,” he asserts from his perspective. Regarding technical analysis, Melker warns that the four-year cycle remains intact, and any claims to the contrary are merely noise. Historically, every four years, bitcoin’s price tends to experience a bullish trend followed by a bearish one, with higher highs and higher lows each time. The price began an upward trend nearly two years ago, entering a new cycle that peaked seven months ago at an all-time high of $73,700. Since then, it has experienced a sideways movement downward, similar to phases observed in the past. This sideways movement is a sufficient catalyst to break upward, as it shows a solid floor to continue the bullish trend. Additionally, the price is close to the all-time high of the previous cycle ($69,000), so he believes there is still room for gains in this cycle. “Anyone who thinks that $100,000 will be the peak of this cycle should think bigger,” he opines. In conclusion, the good news is that Bitcoin has surpassed $65,000, a level that was viewed as resistance just a month ago. This, he explains, has ended the bearish structure of recording lower highs over the past seven months. criptonoticias.com
>>Read more
Early Bitcoin Developer Backs Satoshi Nakamoto Theory

Jeff Garzik Releases New Videos on Working with Bitcoin’s Mysterious Creator Jeff Garzik, a prominent Linux contributor and early Bitcoin developer, who contributed to the Bitcoin project from 2010 to 2017, has unveiled a series of new videos that delve into his experiences working alongside Bitcoin’s enigmatic inventor, Satoshi Nakamoto. Garzik shares unique insights from his time with the project’s founder. Joining the Bitcoin team in July 2010, Garzik was instrumental in early software releases and made significant contributions, including the first proposal to increase the block size limit and to remove subsidies for free transactions. During Satoshi Nakamoto’s tenure as the project maintainer, Garzik’s pull requests were accepted, including important work to separate the mining code from the main client. The newly released videos offer a rare glimpse into Garzik’s recollections of working with Satoshi. One of the intriguing topics covered is whether Satoshi was an individual or a group of people. Garzik reflects on Satoshi’s coding style, comparing him to a “lone genius” similar to the character portrayed in “A Beautiful Mind.” “Satoshi as a coder, he’s more the ‘A Beautiful Mind’ type lone genius,” Garzik recalls. “When I was a computer science major, we thought highly of ourselves as coders, and we would notice that some of the other disciplines, the chemists, the biologists, the physicists, they had to do it, but they didn’t approach it as a profession. Satoshi was the same way.” Garzik speculates that Satoshi understood the problem he aimed to solve but lacked certain foundational knowledge such as “modularity” and “unit testing” which computer science majors typically learn. Instead, Satoshi is described as someone who “wisely pulled cryptographic solutions off the shelf” and combined existing crypto primitives in novel ways to create Bitcoin. Garzik also describes Satoshi as a “self-taught” programmer who was humble about his limitations. He notes that Satoshi was highly focused on Bitcoin, never divulging personal details or deviating from discussions about the project. “Satoshi would never stray from that topic. He would never let slip any personal information whatsoever, never talk about his mood, the time of day,” Garzik says. “It was always 100% all about Bitcoin.” The videos span the period from Garzik’s initial involvement through Satoshi’s resignation from the project in January 2011, after which Gavin Andresen took over as lead maintainer. These revelations come amid a broader trend of early Bitcoin contributors sharing their experiences. Notably, Martti ‘Sirius’ Malmi and Adam Back have recently published extensive email correspondence with Satoshi in connection with a public trial in the UK. Although Garzik has not yet released emails with Satoshi, the videos produced by his new venture, Hemi Network, represent the most extensive public discussion he has had on the subject in recent years. Launched in July, Hemi Network aims to provide a “modular Layer-2 protocol for superior scaling, security, and interoperability,” powered by Bitcoin and Ethereum. This initiative follows Garzik’s growing interest in blockchain networks beyond specific base-layer cryptocurrencies, as seen in his previous project, Metronome. Garzik left the Bitcoin project in 2017 after serving as lead maintainer for a hard fork of the Bitcoin protocol. Despite initial support from the startup ecosystem, the hard fork did not formally launch.
>>Read more

Bitcoin and Crypto Exchange HTX To Integrate Lightning Network

Introduction to HTX and Lightning Network

What is the Lightning Network?

The Importance of Lightning Integration for Exchanges

The Strategic Partnership with IBEX

Benefits of Lightning Network Integration

The Broader Implications for the Bitcoin Community

HTX Leading the Charge for Lightning Adoption

Challenges of Lightning Integration

Looking Ahead: The Future of Bitcoin Transactions

Source: bitcoinmagazine.com

Like it? Share it with your friends!

Related Posts:

Cryptocurrency vs. Traditional Finance: Which is Better?

The Dark Side of Cryptocurrency: Scams and Risks to Avoid

Bhutan holds double the bitcoins of El Salvador

Israel’s Move Toward a Cashless Society: Impact of Removing 200 Shekel Bills