Zap Goes Global - Bitcoin Lightning network

Bitcoin’s Lightning Network is soon going to be used for transfer all across the world.

Bitcoin lightning Startup Zap which partnered with Visa during middle of 2020 is now rolling out native support for Euro, Pound and Swiss franc. Australian dollar and Canadian dollar are in cards next. 

In an interview with Coindesk Jack Mallers founder of Zap said 

“We can move any physical value anywhere in the world for no variable cost, Transaction finality from one point to another for free.”

Moreover, Strike will also list popular stablecoins tether (USDT, +0.01%) and USD coin (USDC (-0.04%)), beginning with a pilot program in El Salvador.

Mallers said Bittrex Global will handle the behind-the-scenes operations with the tokens, which typically are issued on the Ethereum blockchain. Strike itself does not support ether (ETH, +12.28%) or Ethereum-based tokens. Rather, each tether or USDC token is credited to an account on Bittrex and mirrored on Strike’s internal database, he said.

“Leveraging Bittrex Global’s technology, Strike users will be able to seamlessly send and receive payments using both fiat money and cryptocurrencies,” CEO of Bittrex Global Tom Albright said in an email to CoinDesk. “This will allow billions of people around the world to access the financial system in a simple low-cost way, fulfilling the original vision and promise of Bitcoin.”