Bitcoin’s Lightning Network is bringing fiat to every corner of the world, thanks to Visa-partnered startup Zap Inc.
Strike – the Chicago-based startup’s Bitcoin wallet and banking service – is rolling out native support for the euro, pound and Swiss franc, soon to be followed by the Australian and Canadian dollar after partnering with cryptocurrency exchange Bittrex Global, according to Zap founder Jack Mallers in a phone interview with CoinDesk.
Described by Mallers, as a “Bitcoin neo-bank,” Strike leverages the Bitcoin network and scaling technology the Lightning Network to move fiat fast from point A to point B. Zap plans on providing banking services in up to 200 countries via the international exchange.
“We can move any physical value anywhere in the world for no variable cost,” Mallers said. “Transaction finality from one point to another for free.”
Moreover, Strike will also list popular stablecoins tether and USD