Bitcoin’s Lightning Network Is Enabling Instant Fiat Transfers Between Europe and Africa

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Bitcoin app CoinCorner said in a statement Monday that it had enabled Send Globally, a feature that lets foreign users instantly and cheaply send remittances to Africa, for its EU and U.K. customers.

The feat is made possible through a partnership with Africa-based Bitcoin app Bitnob, and comes on the heels of a similar team-up with Lightning payments app Strike.

Strike last week enabled Send Globally for its U.S. users, letting them instantly transfer money to bank accounts in Nigeria, Ghana and Kenya with minimal fees.

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By akohad

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