Send Money Worldwide Instantly & Securely with Strike’s Send Globally1. Februar 2023
•Strike has expanded its “Send Globally” product to the Philippines, enabling fast, secure, and low-cost money transfers between the U.S. and the Philippines.
•The Philippines is one of the world’s largest remittance markets and its people and economy rely on more than $35 billion annually in money sent from abroad, including more than $12 billion from the U.S. alone.
•Strike uses the Lightning Network to make digital payments faster, cheaper, and more accessible for people globally, particularly in countries with a high number of unbanked individuals.
Today, Strike, the world’s leading digital payments platform built on Bitcoin’s Lightning Network, announced the expansion of its „Send Globally“ product to the Philippines. This new product will revolutionize traditional cross-border payment services, allowing for fast, secure, and low-cost money transfers between the U.S. and the Philippines.
The Philippines is one of the world’s largest remittance markets, with its people and economy relying on more than $35 billion annually in money sent from abroad, including more than $12 billion from the U.S. alone. Strike has partnered with Pouch.ph in the Philippines, enabling transfers from U.S. dollars that are received as Philippine pesos in a recipient’s bank or mobile money account in the Philippines.
Jack Mallers, Founder and CEO of Strike, commented on the new product, stating “Remittances are a broken system and Strike delivers an incredibly empowering experience for people to send money around the world in nearly an instant. 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. Our technology allows us to both improve on the existing cross-border experience and include those that have previously been excluded by legacy payment rails.”
Strike is using the Lightning Network to make digital payments faster, cheaper, and more accessible for people globally, particularly in countries with a high number of unbanked individuals. With Send Globally, dollars are converted into bitcoin, which is sent via the Lightning Network, allowing for quick and secure payments to be made from anywhere in the world. This new service provides a much needed solution for people seeking to send money abroad, allowing them to send money quickly and securely at a fraction of the cost of traditional remittance services.
The expansion of Strike’s Send Globally product to the Philippines is a major step towards making digital payments more accessible and affordable, particularly for those in the world’s largest remittance markets. Strike is committed to making financial services accessible to everyone, no matter where they are in the world.