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"Wasabi Wallet: Unfairly Private Strike" is an application that allows users to send value globally instantly and nearly for free using the bitcoin lightning network. This has significant implications for international remittances. The app can be used on Android, iPhone, or Google Chrome, and does not require a bank account. This means that it is beneficial for individuals in countries where it's hard to access banking services. The video tutorial shows how to set up and use the app for these purposes.