Strike, the leading digital payment platform built on Bitcoin’s Lightning Network, has announced the expansion of its “Send Globally” product to the Philippines. This will allow for fast, secure and low-cost money transfers between the U.S. and the Philippines, which is one of the world’s largest remittance markets. The Philippines relies on more than $35 billion annually in money sent from abroad, with over $12 billion coming from the U.S. alone.
Strike has partnered with Pouch.ph to enable transfers from U.S. dollars to Philippine pesos, which can be received in a bank or mobile money account in the Philippines.
