{"id":21631,"date":"2023-06-15T17:28:27","date_gmt":"2023-06-15T17:28:27","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/strike-launches-lightning-network-based-cross-border-payments-in-mexico\/"},"modified":"2023-06-15T17:28:27","modified_gmt":"2023-06-15T17:28:27","slug":"strike-launches-lightning-network-based-cross-border-payments-in-mexico","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/strike-launches-lightning-network-based-cross-border-payments-in-mexico\/","title":{"rendered":"Strike Launches Lightning Network-Based Cross-Border Payments in Mexico"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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With the addition of Mexico to its Lightning Network-based service, the digital payments startup Strike<\/strong><\/a> is advancing significantly in the area of cross-border payments. Mexico presents a strategic potential for Strike as it is the largest market for remittances from the U.S., accounting for over 95% of all remittances received by Mexicans from abroad.<\/p>\n

Lightning-fast Cross-Border Payments in Mexico<\/h3>\n

Send Globally, a cross-border payments service from Strike, will be accessible in Mexico as of June 14 and provide consumers with a quick and easy way to send money abroad. Compared to conventional ways, the service enables faster and more affordable transactions by utilizing the Lightning Network, which functions as a second layer payment system for the Bitcoin blockchain.<\/p>\n

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According to the company\u2019s news release, users can send dollars across the border and have it converted into pesos and delivered to the recipient\u2019s bank account. Because there are no middlemen involved in this simplified process, costs are lower and settlement periods are quicker.<\/p>\n

Empowering Mexican Americans and Addressing Key Challenges<\/h3>\n

\u201cStrike\u2019s expansion to Mexico brings a better alternative to 12 million Mexican Americans,\u201d<\/em> the release said, underscoring the plight of an\u00a0ever-growing number of Mexican migrants\u00a0in the U.S. who are plagued by \u201chigh fees, slow settlement, and lack of innovation in incumbent cross-border payments services.\u201d<\/em><\/p>\n

This strategic growth comes after Strike recently decided to internalize custodial operations, demonstrating its dedication to offering dependable and secure services. With operations in over 65 countries and a new headquarters in El Salvador, the company\u2019s global presence is growing quickly.<\/p>\n

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By utilizing the abilities of the Lightning Network to empower people and improve financial accessibility for users across borders, Strike\u2019s entry into Mexico represents a crucial advancement in the revolutionization of cross-border payments.<\/p>\n<\/p><\/div>\n

Source link <\/a>
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(Originally posted on : Crypto News – iGaming.org ) With the addition of Mexico to its Lightning Network-based service, the digital payments startup Strike is advancing significantly in the area of cross-border payments. Mexico presents a strategic potential for Strike as it is the largest market for remittances from the U.S., accounting for over 95% […]<\/p>\n","protected":false},"author":34,"featured_media":21632,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/21631"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=21631"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/21631\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/21632"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=21631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=21631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=21631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}