solving Africa's remittance problem
summary
Claims a 10x cost reduction in cross‑border transfers by routing fiat through the Lightning Network; cites average remittance costs (Kenya 9% in / 11% out, Nigeria 4% in / 11% out) and a $90B Africa inflow at 8% (~$7.2B fees). Describes an Orange API that links banks and mobile‑money on/off‑ramps to Lightning via OTC desks, requires zero float, uses mobile money and bank rails, and demonstrates three successful live payments Kenya/Nigeria/South Africa. Roadmap: open Euro/UK/US corridors to 10+ African countries.
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chapters (6)
- 0:00Africa's remittance challenges
- 3:28Cheaper global transfers needed
- 8:06Lightning network for remittances
- 13:23Lightning payments demo
- 20:35Orange's Africa plans
- 22:00Call to action
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