ZEBEDEE Introduces Instant Global Payments Using The Bitcoin Lightning Network
Along with the ability to earn bitcoin, users will now be able to easily and instantly transfer their bitcoin across jurisdictions.Users in the U.S., UK and EU can now instantly send money using the ZEBEDEE platform to t...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Along with the ability to earn bitcoin, users will now be able to easily and instantly transfer their bitcoin across jurisdictions.
Users in the U.S., UK and EU can now instantly send money using the ZEBEDEE platform to the Philippines and Brazil, thanks to leading partnerships with Pouch.ph, and Bipa respectively. Based on the open Lightning Network, ZEBEDEE users can send and receive funds from any Lightning wallet or service. With this new announcement, ZEBEDEE accounts will be able to connect directly to the platforms of the announced partners, “similarly to open-banking standards where users connect a bank account once and can seamlessly move money to and from the account.”
“For example, a user in Brazil can earn Bitcoin playing a game like Solitaire, then instantly transfer that money to Bipa and exchange it for Brazilian reais,” the press release sent to Bitcoin Magazine describes, showcasing the effective interoperability that Bitcoin provides.
André Neves, CTO and Co-Founder of ZEBEDEE, described how this is a necessary step for the growth of the company, as well as Bitcoin, saying “In order for Bitcoin to take its place as the native money of the Internet, which really means the main form of money for the modern age, we have to make it so intuitive and simple to use for the average person that it ceases to be about Bitcoin, it’s just global money. Our new feature provides a major step in that direction, as it gives our users the ability to select high-quality global providers with the push of a button and start sending instant transactions across the world in seconds.”
"We are thrilled to be a launch partner of ZEBEDEE for this new feature for borderless transactions, as it aligns perfectly with our vision for financial inclusion of the Philippines,” Ethan Rose, CEO of Pouch.ph said. “The Lightning Network is without a doubt the best tool for the job and, together with ZEBEDEE, we can continue pushing this technology forward to let our customers move funds between their bank accounts and any Lightning wallet in the world more seamlessly than ever.”
Luiz Parreira, CEO and Co-Founder of Bipa, reiterated these points, stating that “The remarkably simple new user experience created by ZEBEDEE is a powerful move towards broadening our reach to more users in Brazil.”
The new features bring ZEBEDEE beyond the realm of simply earning bitcoin, and are a reminder of the incredible innovation still yet to come on top of Bitcoin.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Bitcoin MagazineRelated market context
US targets $17 billion Russia-linked crypto payment network using USDT as an escape route
The US sanctioned the Russia-linked A7 Network and proposed new restrictions to cut its crypto intermediaries off from global mark...
CONNECT recap: Arthur Hayes on money printing, Wall Street moves onchain
Arthur Hayes said money printing could lift crypto prices, while CONNECT Seoul speakers examined Wall Street’s competitive edge on...
Unpatched Eclair Bitcoin Lightning nodes could crash again every time they restart
A newly disclosed unfunded-channel flaw could leave Eclair, a Bitcoin Lightning implementation, crashing repeatedly without an att...
Bitcoin survived 5% yields but crypto’s cheap-money era did not
The US 10-year Treasury yield touched 5.34% on Oct. 1, its highest since 2002, capping a third quarter in which it climbed almost...
MetaMask Exits Ethereum Validators After Security Incident Hits Staking Infrastructure
Key Takeaways: MetaMask is addressing a security incident to its infrastructure of which it is unaware. According to the company,...
Fidelity explores wider access to its Ethereum tokenized money market fund
Fidelity's move to broaden access to its tokenized fund could democratize investment opportunities, impacting the DeFi landscape s...