The U.K. and Europe can now send remittances to Africa via the Lightning Network

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Bitcoin lightningnetwork Africa Nigeria The U.K. and Europe can now send remittances to Africa via the Lightning Network

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By utilizing Send Globally, users can send GBP or EUR to recipients in Africa, which will automatically be exchanged into the Nigerian naira , Kenyan shilling or Ghanaian cedi and deposited in a local bank account or mobile money wallet. “The remittance market is a huge opportunity for Bitcoin,” said CoinCorner CEO Danny Scott. “By partnering with Bitnob to provide a seamless cross-border experience using Bitcoin and the Lightning Network, we hope to remove some of the friction and cost that customers experience when using traditional FX and money remittance companies.”

 

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