African fintech company Chipper Cash has integrated the Lightning Network through Voltage to process more than half of its Bitcoin transactions. This integration aids in enhancing financial access for users across the continent.
Connecting to the Lightning Network
The integration with the Lightning Network allows Chipper Cash to offer more efficient payment solutions in markets where traditional financial services can be unreliable. Co-Founder and President of Chipper Cash, Maijid Moujaled, noted that this partnership helps to provide greater financial access.
Benefits for Chipper Cash Users
Chipper Cash already has over seven million customers, and the transition to the Lightning Network has grown organically without major marketing efforts. The ease of building on this system aids scalability and convenience for users.
Integration with Other Platforms
With Voltage's API, Chipper Cash can integrate its services, such as Chessa, allowing users to send remittances using cryptocurrency that can be received in over 25 local fiat currencies. This expands the possibilities for users within the global payments ecosystem.
The successful deployment of the Lightning Network in Chipper Cash demonstrates how modern technology can solve real financial problems and enhance financial access in developing countries.
