Strike enables remittances to the Philippines via Bitcoin's Lightning Network Bitcoin BTC LightningNetwork
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According to a press release from the company, it will be expanding its “Send Globally” product to include users in the Southeast Asian country, enabling fast, secure, and low-cost money transfers between the U.S. and the Philippines. “Remittances are a broken system and Strike delivers an incredibly empowering experience for people to send money around the world in nearly an instant,” said Jack Mallers, Strike’s founder and CEO. “We’re excited to partner with Pouch.ph to advance financial inclusion and bring fast, low-cost cross-border payments via the Lightning Network to the Philippines.
"The U.S. to Philippines remittance market is one of the largest in the world, and until now, most Filipino-Americans have been limited to outdated options,” said Ethan Rose, Founder and CEO of Pouch.ph. “However, with the integration of Pouch.ph and Strike, we’re revolutionizing the way cross-border payments are made, empowering people to easily send money to their loved ones back home.
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