pull down to refresh
related posts
10 sats \ 3 replies \ @gmd 7 Dec 2022
Can someone ELI5 how this wasn't done before? Is he using lightning in some special way? Or just all of the traditional companies taking an exorbitant rake of the remittances?
reply
109 sats \ 2 replies \ @hey 7 Dec 2022 freebie
Strike works by converting fiat > sats on LN > fiat. So I assume they needed a partner in Africa to do the sats on LN > fiat on their side. The partner is Bitnob.
reply
165 sats \ 1 reply \ @k00b 9 Dec 2022
Western Union can update entries in its database as easily as Strike can, so I think it's a bit of both: lightning settling between BitNob, which has local banking partnerships, and Strike, which has US banking partnerships, and trad companies not previously having competition (and price gouging).
reply
1108 sats \ 0 replies \ @gmd 10 Dec 2022
here because this is getting discussed on SN Live- hello!
reply
0 sats \ 1 reply \ @TheBTCManual 7 Dec 2022
this is great, what I am hoping is ease of getting funds in and out of Lightning can now be pushed into something like hodlhodl Robosats and Paxful. If Africans can start to secure liquidity on lightning the arb trades on P2P are a no brainer to secure profits right now
reply
0 sats \ 0 replies \ @ama OP 7 Dec 2022
Indeed, everything and anything that help people handle their money easier and avoiding abuse (high commissions for remittances in this case, or in micro payments, etc.) is good news. And it's so great to see Bitcoin and the LN being used as the channel to do so and make people's life easier. :-)
reply
0 sats \ 1 reply \ @0219beff7e 7 Dec 2022
Great, let's hope you continue climbing more every day
reply
0 sats \ 0 replies \ @ama OP 7 Dec 2022
Why thank you so much!
It's so interesting as well as a lot of fun to engage in conversation with interesting intelligent people with whom one shares so many interests. It's easy to do well in a positive and encouraging environment such as this community offers.
I hope you do very well, too.
All the best!
reply