With Bitcoin Clarity, El Salvador Allows Strike To Abandon USDT
How Lightning Network startup Strike went from using USDT in El Salvador to helping the country build financial infrastructure with Bitcoin.When El Salvador passed a law making bitcoin legal tender in the country, it did not just set itself on a path to add the payment option to existing infrastructure. It provided regulatory clarity that allowed an existing Bitcoin-forward platform to better serve its citizens.Thanks to the regulation, Strike, the Lightning Network-focused startup helping El Salvador build its national bitcoin-based payments system, will no longer need to substitute U.S.....
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Lightning Network payments app Strike is now available to users in El Salvador, giving them access to a next-gen remittances system.
Strike, a bitcoin-based wallet and exchange service, has landed in Argentina, bringing USDT integration to users in the country. Jack Mallers, CEO of Strike, explained that his objective for bringing the app to the country has to do with providing a platform for Argentinians to hold a stable value in cash. This value will be held in the form of USDT, with no option for storing bitcoin, at least at launch.
Strike Brings Stablecoin Integration to Argentinians
Strike, a popular bitcoin-based wallet, has launched in Argentina, bringing a new way for Argentinians to store their....
El Salvador has rejected the recommendation by the International Monetary Fund (IMF) to drop bitcoin as legal tender. The country’s finance minister reportedly “angrily” said, “No international organization is going to make us do anything, anything at all.”
El Salvador Says No to IMF on Bitcoin
The government of El Salvador has rejected a recommendation by the International Monetary Fund (IMF) to drop bitcoin as legal tender in the country.
The IMF urged El Salvador last week to drop bitcoin’s use as legal tender and....
“The best monetary network in human history is here, it's open, and will disrupt the world quicker than anyone thinks. Open networks win,” said Strike CEO Jack Mallers. Strike’s digital wallet has become the fifth most popular finance app in Argentina within a week of its launch.The firm, led by hoodie-wearing CEO Jack Mallers, rolled out its crypto payment services for the Argentinian market on Jan 12. Strike is famed for enabling Bitcoin (BTC) payments via the Lightning network, particularly in El Salvador. However, according to local media and user reports, the firm’s app in Argentina....
This man Jack Mallers has a way of finding himself in the middle of historic transactions. This time, the Strike CEO used the recently unveiled Twitter Tips Lightning integration to send $10 instantly to San Salvador. The person at the other end of the line then uses the money to buy coffee in a little-known […]