People in Nigeria, Kenya and Ghana can now receive instant, low-cost remittance payments in local currency through Bitcoin’s Lightning Network.
Bitcoin payments app Strike said in a statement Tuesday that it had launched Send Globally, a new feature that lets U.S. users instantly and cheaply send money to Africa.
“With exorbitant fees to transfer funds in and out of Africa and incumbent providers halting services, payments companies are struggling to operate in Africa and people cannot send money home to their family members,” said Jack Mallers, Strike founder and CEO, in a statement. “Strike offers an opportunity for people to transfer their US dollars easily and instantly across borders.”
The remittances service is initially enabling people in Nigeria, Kenya and Ghana to receive money from the U.S. and instantly convert it to their local currency. The feature is made possible thanks to a partnership between Strike and local Bitcoin app Bitnob.
“The current financial syste
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