Nairobi, Kenya - Cheap, instant payments just got a whole lot easier for retailers and their customers in Kenya. Africa Free Routing is thrilled to announce a significant milestone in its mission to revolutionize digital payments across the African continent. Today, we proudly launch our fourth Bitcoin lightning node: Kenya Free Routing. This zero transaction fee node, situated in the vibrant city of Nairobi, marks a momentous step towards empowering the Kenyan people with access to lightning-fast and cost-efficient payment solutions.
Why We Are Doing This
Bitcoin is used for savings across Africa because of the high inflation and volatility of local African currencies. The Bitcoin Lightning Network operates as a layer atop the Bitcoin blockchain, providing instant transaction settlement with minimal fees for customers. “This is a particularly exciting launch for us as Kenya Free Routing will be the first active lightning node in Kenya in 4 years!” said Megasley, Chief Noderunner at Africa Free Routing, Africa’s fastest and most reliable lightning node network. “By establishing this node in Nairobi, we are massively reducing latency as payments no longer need to route across the globe. This promotes a more robust and secure payment infrastructure and financial ecosystem in Kenya”.
For merchants and retailers, the benefits are undeniable. Lightning payments enable instant settlements with no merchant fees. This is in stark contrast to card payments, which incur big costs for retailers and can often take weeks to settle with the ongoing risk of chargebacks. Lightning payments eliminate all these problems so this pioneering move is set to revolutionize commerce in Kenya and foster an environment of innovation and economic prosperity.
How Our Free Lightning Node Will Help Kenya’s Economy
Africa's digital landscape has witnessed remarkable growth in recent years, with several notable companies embracing Bitcoin lightning payments, such as Pick n Pay, Africa's second-largest retailer, which now accepts Bitcoin lightning payments in its 1500 stores. The lightning network's capacity has grown consistently year over year and transaction volumes continue to break new records each month demonstrating the rapid consumer adoption of this cutting-edge technology. Now Kenyan business owners can connect with this new node and expand their businesses by relying on a fast, secure, and cost-efficient payment method.
Africa Free Routing has also recently opened a node in Ghana and its Nigeria Free Routing node is the largest node on the African continent serving as a crucial hub for lightning-fast transactions.
To learn more about the exciting possibilities that Kenya Free Routing brings, we invite you to visit our website at www.freerouting.africa. For media inquiries or further information, please contact: Megasley (megasley@freerouting.africa)