Zebedee Implements Bitcoin’s Lightning Network for Cross-Border Payments

03/28/2023 13:13 • NFT Newsflash • 151 views

According to reports, digital payment processor Zebedee has announced an upgrade of its platform to utilize Bitcoin’s lightning network to achieve fast, secure, and low-cost cross-border payments between the United States, the United Kingdom, the European Union, Brazil, and the Philippines. In addition, Zebedee supports multi-currency payments through collaboration with Pouch.ph and Bipa. （The Block）

Zebedee Launches Bitcoin Flash Network Cross-border Payment Function

As the world becomes more interconnected, cross-border payments have become a vital aspect of international trade and finance. However, traditional methods of cross-border payments have many inefficiencies, including high fees, long processing times, and lack of transparency. In recent years, digital payment processors have become instrumental in solving these problems, and one such company that is making waves is Zebedee.

Zebedee’s Platform

Zebedee is a digital payment processor that utilises Bitcoin’s lightning network to achieve fast, secure, and low-cost cross-border payments between the United States, the United Kingdom, the European Union, Brazil, and the Philippines. With the use of Bitcoin’s lightning network, transactions on Zebedee’s platform complete in seconds, with fees as low as a fraction of a penny.

Multi-Currency Payments

In addition to cross-border payments, Zebedee also supports multi-currency payments through collaboration with Pouch.ph and Bipa. Pouch.ph is a Philippine-based payment gateway, allowing users to send and receive Philippine pesos, while Bipa supports Brazilian real transactions, making Zebedee a crucial player in the Latin American market.

Benefits of Zebedee’s Platform

Zebedee’s platform has several benefits that make it a game-changer in the field of cross-border payments. Firstly, it is accessible to anyone worldwide with an internet connection, eliminating the need for a traditional brick-and-mortar bank account. Additionally, transactions on Zebedee’s platform are encrypted and secured through Bitcoin’s blockchain technology, ensuring that users’ financial data is secure.
Moreover, Zebedee’s integration with Bitcoin’s lightning network means that the platform can handle a large volume of transactions simultaneously, reducing the time taken for transactions, and ultimately leading to better efficiency levels. This feature is especially handy for businesses that deal with high volumes of cross-border transactions, saving time and cost in the long run.

Future of Zebedee

Zebedee’s integration of Bitcoin’s lightning network is a significant step towards faster, secure, and cost-effective cross-border payments. The company’s collaboration with Pouch.ph and Bipa also shows its commitment to extending its services to emerging markets in the Philippines and Latin America. As more businesses and individuals adopt digital payments, Zebedee’s platform is well-positioned to become a leader in the field.

Conclusion

Zebedee’s integration of Bitcoin’s lightning network for cross-border payments is a game-changer in the field of digital payments. Its platform’s speed, security, and low-cost features make it a suitable option for businesses and individuals looking for efficient cross-border transactions. As the platform continues to expand and improve its services, Zebedee is well-poised to become a significant player in the global financial market.

FAQs

Q1. How secure is Zebedee’s Platform?

Zebedee’s platform is highly secured through Bitcoin’s blockchain technology. All transactions are encrypted and secured, making it an ideal platform for secure cross-border payments.

Q2. Does Zebedee charge any fees for its services?

Zebedee charges a fraction of a penny for transactions on its platform, making it a low-cost option for cross-border payments.

Q3. Does Zebedee’s platform support other currencies apart from those in the United States, the United Kingdom, the European Union, Brazil, and the Philippines?

Zebedee’s collaboration with Pouch.ph and Bipa allows it to support Philippine pesos and Brazilian real transactions, respectively. However, the platform is actively looking to expand its coverage to other emerging markets worldwide.

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