With @Bitnob_official's Lightning Network integration, we now have free, instant, non-reversible remittances of any size to and from the United States, Nigeria, and Ghana.
$10 in my US bank account became spendable NGN for @bernard_parah in seconds.
Monetary history.
$10 in my US bank account became spendable NGN for @bernard_parah in seconds.
Monetary history.
I didn't have to register the transfer through a financial intermediary such as @WesternUnion, request private banking details of @bernard_parah, or wait days for the payment to settle.
With @ln_strike, my US dollars are interoperable with the world's first open monetary network
With @ln_strike, my US dollars are interoperable with the world's first open monetary network
.@bernard_parah didn't have to bus to a @WesternUnion to pick up the money, he didn't owe any intermediary a percentage of the transaction, the payment wasn't reversible and settled instantly.
He simply withdrew to his bank account and had spendable Naira in seconds.
He simply withdrew to his bank account and had spendable Naira in seconds.
.@ln_strike and @Bitnob_official don't have a commercial relationship. We don't need one.
This was the first time I met @bernard_parah.
We don't need any intermediaries anymore. We can simply use math and cryptography now.
Get lost, @WesternUnion. It was fun while it lasted 👋
This was the first time I met @bernard_parah.
We don't need any intermediaries anymore. We can simply use math and cryptography now.
Get lost, @WesternUnion. It was fun while it lasted 👋
Today, Strike became the best remittance option from the US to Nigeria without even trying.
How? Did we spend a year setting up the Strike network in Nigeria?
No, there is no Strike network. Someone else simply joined the #Bitcoin network.
Open networks win. You can't compete.
How? Did we spend a year setting up the Strike network in Nigeria?
No, there is no Strike network. Someone else simply joined the #Bitcoin network.
Open networks win. You can't compete.
The world is moving to a singular, open, global payment standard built on a distributed network.
A world where all services are interoperable, no matter their geographic location, currency, or jurisdiction.
No balance sheet float, fixed costs, T+ settlement, forex risk, etc.
A world where all services are interoperable, no matter their geographic location, currency, or jurisdiction.
No balance sheet float, fixed costs, T+ settlement, forex risk, etc.
A world in which the individual has the right of choice.
A monetary network where payments are non-reversible, peer to peer, and physically settle in seconds.
A more free, private, and peaceful society that re-instills basic human freedoms and financial inclusion.
A monetary network where payments are non-reversible, peer to peer, and physically settle in seconds.
A more free, private, and peaceful society that re-instills basic human freedoms and financial inclusion.
We now have an open, global, permissionless value transfer protocol that offers near-instant and near-free physical cash finality.
The standard is open.
Anyone, anywhere, can remain interoperable.
It's called #Bitcoin and Lightning.
Get with it or get out of its way 🚀🌩️🌚
The standard is open.
Anyone, anywhere, can remain interoperable.
It's called #Bitcoin and Lightning.
Get with it or get out of its way 🚀🌩️🌚
• • •
Missing some Tweet in this thread? You can try to
force a refresh
