Bitcoin powers a fast new way to send U.S. dollars around the world

There s a new and low-cost way to quickly send U.S. digital dollars around the world without a bank. And it s built on bitcoin.

Blockchain start-up Lightning Labs announced Tuesday that it s launching the Taro protocol, a technology that will route fiat-pegged stablecoins and other digital assets through the bitcoin monetary network. The project is still in development mode.

Taro uses Lightning, a payments platform built on top of bitcoin s base layer that enables global, high volume, virtually instantaneous, and low-fee transactions using the security of the bitcoin blockchain.

It s one of those things where people don t really know how the credit card system works and it just works, Lightning Labs CEO Elizabeth Stark told CNBC.

via www.cnbc.com

Just some fin-clickbait for you, but useful.