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That is why we are currently working on setting up a Jamaica B2B List payment system via the lightning network . The transactions do not go through the Bitcoin blockchain itself, but a layer ( layer 2 ) that is built over it. A major upgrade of Bitcoin, as it can only handle 7 transactions per second, compare to 24,000 of the VISA network. By using Jamaica B2B List lightning, transactions are fast and very cheap. It can cost 25 million transactions per Jamaica B2B List second at that 4 cents per transaction. Compar to the previously describe costs charge by parties such as Western Union (10-20% per transaction in African countries), this is a relief for countries with little economic strength.
