The remittance service, Send Globally, will be available in the Philippines starting Tuesday, according to a press release. It runs on the Lightning Network, a “layer 2” scaling solution that enables cheaper and faster Bitcoin transactions. Funds sent via the service from abroad can be received as local currency in the recipient’s bank or mobile money account, according to the release.

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• Source: https://www.coindesk.com/tech/2023/01/31/strike-expands-lightning-powered-remittances-to-philippines/?utm_medium=referral&utm_source=rss&utm_campaign=headlines