Africans will be able to receive global payments in fiat through the Bitcoin lightning network at no cost to the senders.
Strike, in a press release today, has revealed that Africans will now be able to receive instant and low-cost remittances in fiat via its “Send Globally” feature powered by the Bitcoin Lightning network.
To achieve this, the digital payments company disclosed that it has partnered with Bitnob, an African payments platform. At launch, the service is available to Strike users in the US and covers transfers to Ghana, Nigeria, and Kenya alone. Notably, users pay no transaction fee to make these global payments. Furthermore, payments are instantly converted to fiat and “deposited directly into a recipient’s bank, mobile money, or Bitnob account.”
(By Ammara)
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