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Money transfers are an integral part of life for many people around the world, as it allows them to move money between countries quickly and securely. Bitnob provides access to a secure and friendly service for sending, receiving and storing Bitcoin safely. Jack Mallers the CEO of Strike a company which also utilizes sending Bitcoin sees in the potential in the African Bitcoin market. Unfortunately, current remittance solutions can be slow and expensive especially in Africa. It is built for anyone who wants to have full utility of their money anywhere in the world. This is why companies like Strike and Bitnob have joined forces to offer a faster, cheaper solution using Bitcoin.
How It Works
Strike and Bitnob have partnered to create a system that makes remittances quicker and more affordable than ever before. The system works by allowing users to send money from one country to another using Bitcoin as the medium of exchange. By using Bitcoin, transactions can be completed in minutes rather than days, allowing people to move money without having to wait days or weeks for the transfer to complete. Someone in Ghana can now send Bitcoin to an individual in Kenya faster and more securely through the lightning network which has been a major roadblock for people on the continent.
Furthermore, since Bitcoin is not tied to any particular currency or bank, there are no exchange rates or fees involved in making transfers with Strike–Bitnob. This makes it much cheaper than traditional remittance solutions such as wire transfers or other international services. Additionally, since all transactions are recorded on the blockchain, funds are secure and immutable — ensuring that your money stays safe throughout the transfer process.
Benefits of Using Strike-Bitnob for Remittances
The partnership between Strike and Bitnob offers several benefits for those looking to make remittance payments using Bitcoin. Firstly, transactions are much faster than traditional methods since there is no need for banks or other intermediaries to process the payment. Secondly, since no exchange rates or fees are involved in making transfers with Strike-Bitnob, users can save time and money on their payments compared to traditional services. Finally, all funds sent through this system are securely stored on the blockchain ensuring that your money is safe throughout the entire process.
In conclusion, the partnership between Strike and Bitnob which was announced at the Africa Bitcoin Conference provides an innovative way of making remittances faster and cheaper than ever before. By leveraging Bitcoin’s speed and security advantages over traditional methods of transferring money internationally, users can now enjoy peace of mind when sending funds across borders — knowing that their payments will be delivered quickly and securely every time. For those looking for a reliable way of sending money abroad at a fraction of the cost — look no further than Strike-Bitnob!
This is a guest post by Dawdu M. Amantanah. You can follow him on Twitter @_DAWDU. Opinions expressed are entirely their own and do not necessarily reflect those of Satoshi’s Journal or Satoshi’s Entertainment Company.