A Ukrainian in Poland withdraws cash from his Lightning Network crypto wallet in just a 3-minute process that started from downloading crypto Walter to taking cash in hand. The citizen received the cash in Poland. She received Cryptocurrency 'Bitcoin' from Miami, US.

Highlights

Bitcoin ATMs enable the process of cash withdrawal so easy and fast
The transferring fee for the cryptocurrency via the Lightning Network is very low
Lightning Network is a layer-2 Bitcoin Scaling solution

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A Ukrainian in Poland recently received Bitcoin from Miami, US via Lightning Network, and in just a few minutes he was able to withdraw his Bitcoin currency in the form of cash with the help of an easy and fast process.

A Ukrainian in Poland also received a bit of assistance from BTC developers who helped the citizen download and set up a crypto wallet on phone. The citizen received the sum in Bitcoin from her crypto wallet and she was able to withdraw the amount in cash through Bitcoin ATM.

The most shocking and interesting fact is that the entire process just took roughly 3 minutes to complete. After the news circulated on possibly every social media platform about the technology of the Lightning, the network tells the process is how easily and efficiently works for peer-to-peer (P2P) payments and how you could use it for cross-border payments too.

Bitcoin’s Lightning Network is a layer- 2 system constructed on top of Bitcoin that allows people to spontaneously receive/ transfer transactions and lessen transaction fees by keeping them off the main network. The technology is helping Bitcoin Cryptocurrency with the help of making it more convenient for people to make transactions.

At present time there is a minimum limit set for making a transaction that is 0.00000546 BTC. The Indian Price at the time of writing is Rs 17. The technology of Lightning Network also allows you to push the limits to transact the smallest unit available 0.00000001 BTC or can be called one Satoshi.

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