
Ep 32. Lightning: life or death?
MmeJalo
Description
This weekend, Warri, a city I grew up in crowned a <a href="https://www.instagram.com/oluofwarri/">new king</a>. I loved seeing the pomp and tradition on display. The new king is just 37 years old, very young in a country where monarchs are often crowned in their 50s through 70s. His speech spoke of history, inclusion and ambition. Hmm, that word: ambition. Friends, I have lots of ideas about topics to explore and share with you. But my time is limited. I am looking for someone to join the 5x5 Crypto team so we can go further faster. Requirements:<br/><br/>Curious about crypto<br/><br/>Ready to have fun<br/><br/>Let me know if you are interested!<br/><br/>News<br/><br/>1. Afghanistan: Funds transfer is life or death <br/><br/>Many of us were moved by the heart-wrenching scenes in Afghanistan this week. I can’t pretend to know how it feels. But I can marginally relate to the Afghans living in the US trying to send money home to help loved ones. <br/><br/>In this climate of fear and desperation, Western Union announced that it was stopping operations in Afghanistan…the very moment when sending funds could literally be the difference between life and death. This is infuriating. It does not have to be this way. <br/><br/>Yes, I understand that Western Union has a responsibility to care for their workers and business. It just illustrates that the existing model is broken. Fortunately, Bitcoin Lightning Network changes that. It provides a censorship-resistant avenue for people to send funds without rent seeking middlemen. <br/><br/>2. Lightning in Nigeria: 0% fee on US fund transfer<br/><br/>This is BIG! <a href="https://bitnob.com/">Bitnob</a>’s integration with the Lightning Network is now enabling FREE, instant, non-reversible funds transfer between the US and Nigeria. Read that again. <br/><br/>In 2018, Nigerians in diaspora sent $25B back home. According to the World Bank, the average remittance fee in Africa was 8.4%. This means that middlemen like Western Union earned $2.1B that could have gone
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Ep 32. Lightning: life or death?
MmeJalo