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25 sats \ 1 reply \ @cointastical 4 Mar 2023 \ on: Traditional money transfer is obsolete bitcoin
The same thing (fiat -> [bitcoin/LN as payment rail] -> fiat), roughly occurs in one step when using "Send Globally" feature from Strike:
- USD -> Strike -> LN -> Bitnob -> local fiat to mobile money or bank acct [Nigeria, Ghana, Kenya]
- USD -> Strike -> LN -> Pouch.ph -> local fiat to mobile money or bank acct [Philippines]
And doing the same with CoinCorner which is also branded "Send Globally":
- GBP or EUR -> CoinCorner -> Bitnob -> local fiat to mobile money or bank acct [Nigeria, Ghana, Kenya]
- GBP or EUR -> CoinCorner -> Pouch.ph -> local fiat to mobile money or bank acct [Philippines]
But even if it is not automatic, LN as a payment rail for remittances is phenomenal, being that it is instant, insanely cheap, and non-reversible.
I've just added OsmoWallet to the list!
Exchanges with support for Lightning Network
https://cointastical.github.io/Exchanges-With-LN
Thanks for adding Osmo to the list.
impressive work, incredible list.
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