Bitcoin Lightning Network to Enable Cross-Border Fiat Transactions Between the EU and Africa

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The Bitcoin Lightning Network was created to make it possible to send money internationally, from the UK and Europe to Africa. The partnership between CoinCorner and Bitnob produced this invention. The remittance industry is a significant opportunity to emphasize the value of Bitcoin, according to Danny Scott, CEO of CoinCorner.

Cryptocurrency is still widely used and accessible despite the present state of the worldwide economy. With the help of the Bitcoin Lightning Network, money may be quickly sent from any location to a recipient’s bank account or mobile wallet. Any fiat currency may be sent over the Bitcoin Lightning Network after first being converted to BTC and then to the recipient’s country’s local currency.

Key Bitcoin Levels To Watch – December 12

The major trendline of BTCUSD is currently on a negative slope, indicating that the market’s order flow is bearish. The market experienced an aggressive decline a few months ago, with the price falling below the previous support level of $25399.00 at the time. Since then, the market has been descending with respect to the major trendline.

Bitcoin Lightning Network to Enable Cross-Border Fiat Transactions Between the EU and AfricaThe Stochastic indicator now reveals that the market is heading downward as it leaves the oversold region. This indication is also confirmed by the price action in the triangle pattern. BTCUSD might break out of the triangle pattern and head downward, therefore invalidating the double bottom formed in November.

Binance Coin Key Levels

Resistance Levels: $32384.00, $28000, $25339.00
Support Levels: $15512.00, $13868.00, $12487.00

Total Market Capitalization: $843.30B
Bitcoin Market Capitalization: $326.50B
Bitcoin Volume: $17.70B
Market Rank: #1

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.