Kenyan Fintech Tando Launches Bitcoin Transfer Service via Lightning Network
- Service Innovation: Kenyan fintech Tando has launched a new service that allows users to send Bitcoin (BTC) to any mobile phone number via the Lightning Network, significantly reducing transaction costs and increasing speed.
- User Convenience: The service eliminates the need for recipients to have a crypto wallet or complete KYC verification, directly converting Bitcoin to Kenyan Shillings (KES) and depositing it into the recipient's mobile money account, such as M-PESA, greatly simplifying the user experience.
- Financial Inclusion: By removing technical barriers, Tando enables anyone with a basic mobile phone to receive value from anywhere in the world, particularly in Kenya, where mobile payment penetration is extremely high, thus promoting cryptocurrency adoption.
- Regulatory Challenges: While Tando's service offers a faster and cheaper option for cross-border payments, its decision to forgo KYC may raise regulatory concerns, and the Central Bank of Kenya's cautious stance on cryptocurrencies will impact the long-term viability of the service.
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Technical Analysis for BANK
Technical Sentiment Analysis for Lorenzo Protocol (BANK). As of , Lorenzo Protocol (BANK) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 3 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BANK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BANK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Lorenzo Protocol (BANK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0227 | 0.0281 | 0.034 | 0.0394 | 0.0453 | 0.0507 | 0.0566 |
| Fibonacci | 0.0281 | 0.0324 | 0.0351 | 0.0394 | 0.0437 | 0.0464 | 0.0507 |
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