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Co-operatives, as member-owned and member-operated organizations, can potentially leverage the Lightning Network in several ways: Efficient Payments: Co-operatives often engage in frequent and regular transactions among their members, such as payments for goods, services, or membership fees. The Lightning Network can provide a fast, low-cost, and secure way for co-operatives to facilitate these transactions. By using the Lightning Network, co-operatives can minimize transaction fees and reduce the time and cost associated with traditional payment methods, such as bank transfers or checks. Cross-border Transactions: Co-operatives with international operations or members in different countries may need to deal with cross-border transactions, which...

The Lightning Network has the potential to be important to the Philippines, and other countries with similar economic characteristics, for several reasons: Remittances: The Philippines is one of the largest recipients of remittances in the world, with millions of overseas Filipino workers (OFWs) sending money back home to support their families. However, traditional remittance methods can be expensive and slow, with high transaction fees and long processing times. The Lightning Network could provide a cheaper and faster alternative for OFWs to send money to their loved ones in the Philippines, reducing the costs associated with remittances and improving financial inclusion....

The Lightning Network is a technology that allows people to send and receive Bitcoin (a form of digital money) more quickly and cheaply than using the traditional Bitcoin network. Imagine you and your friend want to exchange money frequently, like buying a coffee from each other every day. Instead of recording each transaction on the slow and expensive Bitcoin blockchain, you can use the Lightning Network to create a private "tab" between you and your friend. You can then exchange as many coffees as you want within that tab without having to pay transaction fees or wait for confirmations on...

During its shareholder meeting MicroStrategy announced plans to launch an enterprise Lightning platform for corporations.

Jack Mallers, founder and CEO of Strike, joins 'Power Lunch' to discuss Strike launching its payment network in the Philippines