BTC Layer 2 Mezo to Enable ERC-20 Withdrawals in 24 Hours
CryptoNewsTerminal Staff06 Jun, 2024
BTC Layer 2 Mezo to Enable ERC-20 Withdrawals in 24 Hours
Mezo, a Bitcoin layer-2, announced the commencement of ERC-20 withdrawals within 24 hours, according to the Mezo team in their Discord community. The team also stated that native BTC withdrawals will also be supported soon. In April, Mezo raised $21 million in a Series A funding round led by Pantera Capital. The launch of ERC-20 withdrawals is a significant step for Mezo, as it will allow users to easily move their ERC-20 tokens on and off the Bitcoin network. This will make it easier for users to use Bitcoin as a settlement layer for other cryptocurrencies. The addition of ERC-20 withdrawals is a major milestone for Mezo especially being so new. Many are eager to see continual updates and new developments from the team. ---
