Transfer Money Securely and Instantly with Strike’s Send Globally in the Philippines
• Strike, a leading digital payment platform built on Bitcoin’s Lightning Network, has announced the expansion of its “Send Globally” product to the Philippines.
• This will enable fast, secure and low-cost money transfers between the U.S. and the Philippines, which is one of the world’s largest remittance markets.
• Strike uses the Lightning Network to make digital payments faster, cheaper, and more accessible.
Strike Expands Its “Send Globally” Product To The Philippines
Strike, the leading digital payment platform built on Bitcoin’s Lightning Network, has announced the expansion of its “Send Globally” product to the Philippines. This will allow for fast, secure and low-cost money transfers between the U.S. and the Philippines, which is one of the world’s largest remittance markets with over $35 billion annually in money sent from abroad — with over $12 billion coming from just American citizens alone.
Partnership With Pouch
Strike has partnered with Pouch.ph to enable transfers from U.S dollars to Philippine pesos that can be received directly into a bank or mobile money account in The Philippines. The use of lightning network makes digital payments faster, cheaper and more accessible – particularly in countries where there are a large number of unbanked individuals who don’t have access to traditional banking services or credit cards due to lack of financial inclusion or affordability issues..
How Does It Work?
With Send Globally USD is converted into bitcoin via lightning network then sent through a third-party partner in recipient’s country then finally converted into local currency before being sent directly into recipient’s bank or mobile money account – eliminating taxes concerns regarding bitcoin transactions as well as volatility associated with dollar conversion rate fluctuations and custody implications altogether..
Quote From Founder & CEO Of Strike
Jack Mallers founder & CEO commented “Remittances are a broken system and Strike delivers an incredibly empowering experience for people to send money around the world nearly instantly We’re excited to partner with Pouch.ph to advance financial inclusion and bring fast ,low-cost cross-border payments via lightning network technology to Philippines”.
Expansion Into More Markets
CoinCorner also partnered up with Pouch.ph enabling remittances for European customers too . Expansion plans for other countries are underway as partners look forward towards bringing better payment services via lightning network technology into communities worldwide .