Ukrainian in Poland Withdraws Cash Within Minutes of Bitcoin Transfer: Heres How

Author : Dhowcruise
Publish Date : 2022-04-14


Ukrainian in Poland Withdraws Cash Within Minutes of Bitcoin Transfer: Heres How

A Ukrainian citizen was recently sent cash in Poland from Miami, US, via Bitcoin's Lightning network and a bit of assistance from a BTC developer who helped the citizen download and set up a crypto wallet on phone. The citizen received the sum in Bitcoin on her crypto wallet and was able to withdraw the amount in cash through a Bitcoin ATM, with the entire process taking roughly three minutes to complete. The process highlights how efficiently the Lightning system works for peer-to-peer (P2P) payments and how you could use it for cross-border payments too. As per a CNBC report, the Ukrainian citizen downloaded a self-custodial crypto wallet app for Bitcoin and Lightning on her phone and generated an invoice as a QR code. Those over at CNBC then captured that QR code using the scan mode in crypto wallet of their own and transferred over 50,000 sats (or Satoshis) with the transaction fees amounting to a negligible amount. The Ukrainian who was at the location of a Bitcoin ATM in Southwest Poland was then able to withdraw the sum in cash. Bitcoin's Lightning Network is a layer-2 system constructed on top of Bitcoin to enable people to spontaneously transfer/ receive payments and lessen transaction fees by keeping them off the main network. The Lightning Network essentially helps Bitcoin to be more serviceable as a day-to-day currency.

A Ukrainian citizen was recently sent cash in Poland from Miami, US, via Bitcoin's Lightning network and a bit of assistance from a BTC developer who helped the citizen download and set up a crypto wallet on phone. The citizen received the sum in Bitcoin on her crypto wallet and was able to withdraw the amount in cash through a Bitcoin ATM, with the entire process taking roughly three minutes to complete. The process highlights how efficiently the Lightning system works for peer-to-peer (P2P) payments and how you could use it for cross-border payments too. As per a CNBC report, the Ukrainian citizen downloaded a self-custodial crypto wallet app for Bitcoin and Lightning on her phone and generated an invoice as a QR code. Those over at CNBC then captured that QR code using the scan mode in crypto wallet of their own and transferred over 50,000 sats (or Satoshis) with the transaction fees amounting to a negligible amount. The Ukrainian who was at the location of a Bitcoin ATM in Southwest Poland was then able to withdraw the sum in cash. Bitcoin's Lightning Network is a layer-2 system constructed on top of Bitcoin to enable people to spontaneously transfer/ receive payments and lessen transaction fees by keeping them off the main network. The Lightning Network essentially helps Bitcoin to be more serviceable as a day-to-day currency.A Ukrainian citizen was recently sent cash in Poland from Miami, US, via Bitcoin's Lightning network and a bit of assistance from a BTC developer who helped the citizen download and set up a crypto wallet on phone. The citizen received the sum in Bitcoin on her crypto wallet and was able to withdraw the amount in cash through a Bitcoin ATM, with the entire process taking roughly three minutes to complete. The process highlights how efficiently the Lightning system works for peer-to-peer (P2P) payments and how you could use it for cross-border payments too. As per a CNBC report, the Ukrainian citizen downloaded a self-custodial crypto wallet app for Bitcoin and Lightning on her phone and generated an invoice as a QR code. Those over at CNBC then captured that QR code using the scan mode in crypto wallet of their own and transferred over 50,000 sats (or Satoshis) with the transaction fees amounting to a negligible amount. The Ukrainian who was at the location of a Bitcoin ATM in Southwest Poland was then able to withdraw the sum in cash. Bitcoin's Lightning Network is a layer-2 system constructed on top of Bitcoin to enable people to spontaneously transfer/ receive payments and lessen transaction fees by keeping them off the main network. The Lightning Network essentially helps Bitcoin to be more serviceable as a day-to-day currency.A Ukrainian citizen was recently sent cash in Poland from Miami, US, via Bitcoin's Lightning network and a bit of assistance from a BTC developer who helped the citizen download and set up a crypto wallet on phone. The citizen received the sum in Bitcoin on her crypto wallet and was able to withdraw the amount in cash through a Bitcoin ATM, with the entire process taking roughly three minutes to complete. The process highlights how efficiently the Lightning system works for peer-to-peer (P2P) payments and how you could use it for cross-border payments too. As per a CNBC report, the Ukrainian citizen downloaded a self-custodial crypto wallet app for Bitcoin and Lightning on her phone and generated an invoice as a QR code. Those over at CNBC then captured that QR code using the scan mode in crypto wallet of their own and transferred over 50,000 sats (or Satoshis) with the transaction fees amounting to a negligible amount. The Ukrainian who was at the location of a Bitcoin ATM in Southwest Poland was then able to withdraw the sum in cash. Bitcoin's Lightning Network is a layer-2 system constructed on top of Bitcoin to enable people to spontaneously transfer/ receive payments and lessen transaction fees by keeping them off the main network. The Lightning Network essentially helps Bitcoin to be more serviceable as a day-to-day currency.A Ukrainian citizen was recently sent cash in Poland from Miami, US, via Bitcoin's Lightning network and a bit of assistance from a BTC developer who helped the citizen download and set up a crypto wallet on phone. The citizen received the sum in Bitcoin on her crypto wallet and was able to withdraw the amount in cash through a Bitcoin ATM, with the entire process taking roughly three minutes to complete. The process highlights how efficiently the Lightning system works for peer-to-peer (P2P) payments and how you could use it for cross-border payments too. As per a CNBC report, the Ukrainian citizen downloaded a self-custodial crypto wallet app for Bitcoin and Lightning on her phone and generated an invoice as a QR code. Those over at CNBC then captured that QR code using the scan mode in crypto wallet of their own and transferred over 50,000 sats (or Satoshis) with the transaction fees amounting to a negligible amount. The Ukrainian who was at the location of a Bitcoin ATM in Southwest Poland was then able to withdraw the sum in cash. Bitcoin's Lightning Network is a layer-2 system constructed on top of Bitcoin to enable people to spontaneously transfer/ receive payments and lessen transaction fees by keeping them off the main network. The Lightning Network essentially helps Bitcoin to be more serviceable as a day-to-day currency.A Ukrainian citizen was recently sent cash in Poland from Miami, US, via Bitcoin's Lightning network and a bit of assistance from a BTC developer who helped the citizen download and set up a crypto wallet on phone. The citizen received the sum in Bitcoin on her crypto wallet and was able to withdraw the amount in cash through a Bitcoin ATM, with the entire process taking roughly three minutes to complete. The process highlights how efficiently the Lightning system works for peer-to-peer (P2P) payments and how you could use it for cross-border payments too. As per a CNBC report, the Ukrainian citizen downloaded a self-custodial crypto wallet app for Bitcoin and Lightning on her phone and generated an invoice as a QR code. Those over at CNBC then captured that QR code using the scan mode in crypto wallet of their own and transferred over 50,000 sats (or Satoshis) with the transaction fees amounting to a negligible amount. The Ukrainian who was at the location of a Bitcoin ATM in Southwest Poland was then able to withdraw the sum in cash. Bitcoin's Lightning Network is a layer-2 system constructed on top of Bitcoin to enable people to spontaneously transfer/ receive payments and lessen transaction fees by keeping them off the main network. The Lightning Network essentially helps Bitcoin to be more serviceable as a day-to-day currency.A Ukrainian citizen was recently sent cash in Poland from Miami, US, via Bitcoin's Lightning network and a bit of assistance from a BTC developer who helped the citizen download and set up a crypto wallet on phone. The citizen received the sum in Bitcoin on her crypto wallet and was able to withdraw the amount in cash through a Bitcoin ATM, with the entire process taking roughly three minutes to complete. The process highlights how efficiently the Lightning system works for peer-to-peer (P2P) payments and how you could use it for cross-border payments too. As per a CNBC report, the Ukrainian citizen downloaded a self-custodial crypto wallet app for Bitcoin and Lightning on her phone and generated an invoice as a QR code. Those over at CNBC then captured that QR code using the scan mode in crypto wallet of their own and transferred over 50,000 sats (or Satoshis) with the transaction fees amounting to a negligible amount. The Ukrainian who was at the location of a Bitcoin ATM in Southwest Poland was then able to withdraw the sum in cash. Bitcoin's Lightning Network is a layer-2 system constructed on top of Bitcoin to enable people to spontaneously transfer/ receive payments and lessen transaction fees by keeping them off the main network. The Lightning Network essentially helps Bitcoin to be more serviceable as a day-to-day currency.A Ukrainian citizen was recently sent cash in Poland from Miami, US, via Bitcoin's Lightning network and a bit of assistance from a BTC developer who helped the citizen download and set up a crypto wallet on phone. The citizen received the sum in Bitcoin on her crypto wallet and was able to withdraw the amount in cash through a Bitcoin ATM, with the entire process taking roughly three minutes to complete. The process highlights how efficiently the Lightning system works for peer-to-peer (P2P) payments and how you could use it for cross-border payments too. As per a CNBC report, the Ukrainian citizen downloaded a self-custodial crypto wallet app for Bitcoin and Lightning on her phone and generated an invoice as a QR code. Those over at CNBC then captured that QR code using the scan mode in crypto wallet of their own and transferred over 50,000 sats (or Satoshis) with the transaction fees amounting to a negligible amount. The Ukrainian who was at the location of a Bitcoin ATM in Southwest Poland was then able to withdraw the sum in cash. Bitcoin's Lightning Network is a layer-2 system constructed on top of Bitcoin to enable people to spontaneously transfer/ receive payments and lessen transaction fees by keeping them off the main network. The Lightning Network essentially helps Bitcoin to be more serviceable as a day-to-day currency.A Ukrainian citizen was recently sent cash in Poland from Miami, US, via Bitcoin's Lightning network and a bit of assistance from a BTC developer who helped the citizen download and set up a crypto wallet on phone. The citizen received the sum in Bitcoin on her crypto wallet and was able to withdraw the amount in cash through a Bitcoin ATM, with the entire process taking roughly three minutes to complete. The process highlights how efficiently the Lightning system works for peer-to-peer (P2P) payments and how you could use it for cross-border payments too. As per a CNBC report, the Ukrainian citizen downloaded a self-custodial crypto wallet app for Bitcoin and Lightning on her phone and generated an invoice as a QR code. Those over at CNBC then captured that QR code using the scan mode in crypto wallet of their own and transferred over 50,000 sats (or Satoshis) with the transaction fees amounting to a negligible amount. The Ukrainian who was at the location of a Bitcoin ATM in Southwest Poland was then able to withdraw the sum in cash. Bitcoin's Lightning Network is a layer-2 system constructed on top of Bitcoin to enable people to



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