Bitcoin Lightning Network used to transfer fiat money between EU and Africa

CoinCorner and Bitnob teamed up to create cross-border transactions between the UK and Europe to Africa via the Bitcoin Lightning Network. Now, users can transfer British pounds (GBP) or Euros (EUR) to the local currencies of Nigeria (NGN), Kenya (KES) and Ghana (GHS) using Send Globally application.

Through the Lightning Network, the funds are automatically converted into BTC, then instantly converted to the local currency and deposited straight into the bank account or mobile money wallet of the receiver.