Send Globally is a way to send cash around the world and have the funds received as local currency. It uses Bitcoin’s Lightning Network to make cash-to-bitcoin-to-cash transactions, incredibly fast and low-cost, without either the sender or recipient even owning bitcoin.

Send globally is available to all verified Strike users for sending cash to friends, family, merchants, or even themselves, straight to bank accounts, debit cards, or mobile money accounts.

This means cash in your Strike account can be used to transact in foreign or local currencies:

1. Withdrawals: Withdraw cash to your own local bank account
2. Remittances: Send cash to friends or family internationally, deposited in their preferred account
3. Travel & Tourism: Spend cash as local currency while traveling abroad

Check out the list of available countries for receiving funds.

How does Send Globally work?

Send Globally uses Bitcoin’s Lightning Network to facilitate transactions. Here’s how it works:

1. Add recipient: In the Strike app, add your recipient’s receiving account details
2. Enter amount: Enter a cash amount to send and tap “Confirm”
3. Cash to bitcoin: Your cash is automatically converted into bitcoin
4. Bitcoin sent: The bitcoin is sent to the third-party partner operating in destination country
5. Bitcoin to cash: The partner converts the bitcoin into local currency
6. Delivery: The local currency is deposited in the recipient’s specified account

It’s a cash-bitcoin-cash transaction, where the sender and recipient only ever hold cash. The transaction can complete in as little as a few seconds, depending on the country and specified receiving method.

To use Send Globally, log in to your Strike account and follow these steps. Learn more about Send Globally here.