Are you exporting products from South Africa to Nigeria?
Orange, a Lightning network-powered solution is inviting a few businesses to participate in the pilot of its new cross-border payments solution. With its platform, you can receive payments from Nigeria to your South African corporate bank account instantly – at a competitive rate of just 0.75%.
Not to be confused with the Orange mobile network, this Orange is a B2B SaaS company transforming cross-border payments with a Lightning Network-powered platform for licensed remittance companies.
The Lightning network was designed to scale the Bitcoin network’s base layer. It utilizes Bitcoin’s base layer and protocol to abstract small transactions between users away from the Bitcoin blockchain.
With smart contracts, Lightning can settle the final balance of those payments into the base layer while ensuring that all transactions abide by the rules of the protocol.
#Bitcoin | Coinbase Adds Support for Lightning Network to Cut the Cost of Bitcoin Transfers by 20x
According to Coinbase, its Lightning Network integration means the cost for its users to send bitcoin globally was now 20 times lower than the average 2% charged on credit card… pic.twitter.com/f6IrUhrDxA
— BitKE (@BitcoinKE) May 3, 2024
If you’re interested in joining the pilot program or would like more information, feel free to reach out below.
- Email: [email protected]
- Link: https://lnkd.in/dsbcrEwd
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