Strike Expands the Operation of Bitcoin Lightning-Based Remittances to the Philippines
Do you live abroad and want to send money to your home? People living in a foreign country send money to their families. Now you can use Strike's Bitcoin lightning network to send remittances to the Philippines.
You will be happy to know that Strike expanded its Send Globally feature, and you can send money to the Philippines using the Bitcoin lightning network and receive the funds directly in the bank account.
It will be pretty fast. You do not have to wait and go through different procedures to send money. You do not have to pay the huge fee you used to pay using the traditional channel to send remittances. The cost will be lower. And it will be more efficient.
If people get the benefits, they will embrace the latest technology. Once, people used to write a letter and send it to their loved ones. You can still send letters to your family and loved ones. But how often do you do that?
I can bet you hardly do that. You just send a message or call your loved one. You use what is convenient and save time and money. We all care about that. Some critics point their fingers at Bitcoin and the speed of transactions. Bitcoin lightning network comes into play and enables users to make transactions faster at a low cost.
We use banks in our personal life as well as in our business. I think having the initiative to use blockchain to bridge existing financial systems is a good idea. People need to get involved in crypto somehow at the beginning.
When they realize what crypto offers in terms of freedom, control, and empowerment, they will rely more on blockchain technology instead of the banking system. It is fascinating to see people use crypto in their life to do different things.
The opportunity to use crypto in daily life will increase like people use debit cards or credit cards nowadays instead of cash. Strike makes it easy to send remittances to the Philippines, adding this feature to Send Globally.
We will see more initiatives that will leverage blockchain networks in the financial industry. Businesses and companies need to embrace blockchain technology to stay relevant and move forward.
So what do you think? Please feel free to leave your comments. Thank you for reading this post. That's it for now. I'll be back with another post.
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