Zebedee, a digital payment processor, has recently introduced an upgrade to its platform that enables fast and low-cost cross-border payments between the US, UK, EU, Brazil, and the Philippines. This upgrade is made possible through the integration of Bitcoin’s Lightning Network, which allows users to instantly convert bitcoin earnings to local currencies or send fiat money to family and friends overseas. This integration is designed similarly to open-banking standards, where users can connect their bank accounts once and move money seamlessly between accounts.
By connecting directly to partners globally, the Zebedee app allows multi-currency payments and provides users with the ability to select high-quality providers with the push of a button to send instant transactions worldwide in seconds. This means that users can send money across borders without the need for intermediaries, such as banks or money transfer operators, which often charge high fees and take days to process.
The Zebedee app enables users to earn and transfer bitcoin by playing games, browsing the web, and listening to podcasts. With this new feature, users can earn bitcoin in Brazil by playing a game like Solitaire and transfer it instantly through Bipa in exchange for Brazilian reais. Pouch.ph CEO Ethan Rose says that this technology is moving toward allowing customers to move funds between their bank accounts and any Lightning wallet in the world seamlessly.
In summary, Zebedee’s integration of the Lightning Network makes cross-border payments faster and more affordable. Users can earn bitcoin and convert it to local currency or send fiat money to friends and family overseas without intermediaries, making it a convenient and cost-effective solution for international transactions.
