Visa-backed Bitcoin startup to launch Lightning-based global payments app
News Zap, a Lightning Network payments startup backed by Visa through its Fintech Fast Track program, announced on Wednesday the rollout of Strike Global, a payments and remittances app using the Bitcoin layer-two technology. An announcement by CEO Jack Mallers goes in-depth into the differences between standard fiat transfer mechanisms and the Lightning-powered mechanism in Strike Global. Mallers focused on remittances, a multibillion-dollar business that is still largely passed through expensive middlemen. Strike Global is not too unlike traditional fintech apps, but it uses the Lightning...
Source: cointelegraph.com