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Visa-backed Bitcoin startup to launch Lightning-based world funds app By Cointelegraph

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Visa-backed Bitcoin startup to launch Lightning-based world funds app

Zap, a Lightning Community funds startup backed by Visa (NYSE:) by its Fintech Quick Monitor program, introduced on Wednesday the rollout of Strike World, a funds and remittances app utilizing the layer-two expertise.

An announcement by CEO Jack Mallers goes in-depth into the variations between normal fiat switch mechanisms and the Lightning-powered mechanism in Strike World. Mallers centered on remittances, a multibillion-dollar enterprise that’s nonetheless largely handed by costly middlemen.