Quote from: Poker Player on Today at 04:06:00 AM

Quote from: OcTradism on Today at 02:55:45 AM

Quote from: GetBlock.io on December 20, 2022, 11:15:32 PM

Bitcoin Lightning Network to be deployed for fiat transfers between the UK, Europe, and African countries.

Bitcoin Lightning Network is a layer 2 solution for Bitcoin blockchain to transfer Bitcoin.

How can it be used to transfer fiat money cross countries?

Using the blockchain. I don't know the technical explanation in detail but Jack Mallers' Strike has been doing it for some time now. You can watch interviews with him on Youtube, he's a young guy but very passionate and seems to know what he's doing.

LN does not use the bitcoin blockchain
thats the point of it. its not a bitcoin blockchain scheme

its the same as using other tokens of LBTC(liquid) Wbtc(wrapped bitcoin)
thy are not bitcoin they are emulating/faking being bitcoin by being a token on a different network

the units of value measure inside a LN routed payment(the online payment) are measured in msats.
a thing that is 11 decimals of 1btc
bitcoin only goes to 8 decimals.. thus its not bitcoin

..
as for strike
he tried to do something with elsalvador in spetember 2021
yep same promotion as this topic.
problem was strike failed el salvador and el salvador dropped strike and chose to use a CEX as the custodian of customer funds becasue LN failed citizens of el salvador

please do some research