(tweet text, also includes a video and some more info)
"With @Bitnob_official's Lightning Network integration, we now have free, instant, non-reversible remittances of any size to and from the United States, Nigeria, and Ghana.
$10 in my US bank account became spendable NGN for @bernard_parah in seconds.
The real value is only in the USD and NGN. Using Bitcoin to move the value is only propped by hype-fueled insanity that doesn't need to exist. International banks could easily create an international money-transfer system that would be far more reliable and secure than any decentralized Ponzi scheme. An in fact, such systems do exist - for example I used to earn in USD and spend instantly in other countries using international Visa/Mastercards like Revolut or Wise.
You are lucky that you had access to those services. In many poor countries the majority of citizens do not have a bank account.
Even if international banks created these services (why haven't they done more of this already if it's easy?) these people would not be able to access it.
I don't know a single person who uses bitcoins or a single store that accepts them... and it's very risky for companies due to it's extreme volatility (the price may increase/decrease by hundreds percent within days or weeks)
The lightning network is even faster and cheaper than that.
https://twitter.com/jackmallers/status/1428429890957848591
(tweet text, also includes a video and some more info) "With @Bitnob_official's Lightning Network integration, we now have free, instant, non-reversible remittances of any size to and from the United States, Nigeria, and Ghana.
$10 in my US bank account became spendable NGN for @bernard_parah in seconds.
Monetary history."