International Money Transfers with “Bitcoin Lightning”
Mauricio Perez
Product Leader | Transforming Innovation into Scalable Growth | AI, Data, SaaS, Streaming, Fintech, Consumer Tech | TiVO, PlutoTV, Paramount+, Sling, Dish Network, Cisco Systems, Crediture
Earlier today Strike launched its international money transfer service in Philippines in partnership with pouch.ph making big splash in the media.?The Strike app converts dollars into bitcoin and sends a Lightning payment to a 3rd party recipient in country.
?The international money transactions is powered by “Bitcoin Lightning” a “layer 2” decentralized?network?on top of Bitcoin.? It leverages smart contract functionality in the blockchain to transact instant payments across a?network?of participants at a faster speed and lower cost than traditional banks.
Blockchain technology natively enables immutable transactions with end-to-end encryption suited for personal financial data.
This is a revolutionary solution in the remittance/ payment market.?I’m excited to see the future of digital payments and how “Bitcoin Lightning” will impact cash-based economies and transform the way we do business around the world today.
Business Development Consultant | Digital Marketing & Sales at Makreo Research
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