BlocksInform
The popular digital portfolio constructed on Bitcoin Lightning Network – Strike – announced its launch in Argentina. As a consequence, the company aims to give "superior financial experience" to a country that is facing a high level of inflation and other monetary issues.
The Latino-American expansion of Strike.
Jack Mallers, Strike's founder and chief executive officer, confirmed the news in a recent tweet. It is believed that bitcoin could "bring hope to the people of Argentina." despite being the third-biggest economy in latin america, the nation has been battling high inflation levels for years.
???? welcome, argentina! ????
today, we launch a superior financial experience to a country that faces hyperinflation, predatory payment networks, and unusable cross-border transfers
today, we use the world’s open monetary network, #bitcoin, to give hope to the people of argentina pic.twitter.com/z2rylxmksl
— jack mallers (@jackmallers) january 11, 2022
according to a separate statement, the ceo classified the south american state as one of the “most exciting countries for building the bitcoin economy.” The launch of Strike will allow Argentines to hold a "stable balance that can be spent instantly and free of charge," he explained. Mallers also described the Bitcoin network as a higher monetary system that provides "fundamental human liberties."
The strike is currently working with companies and people in Argentina. The company has already launched initial services for the residents of the southern city of san martin de los andes, located in Patagonia. Strike also quadrupled her team in the area.
The start-up promised to continue to expand into other South American countries, such as Brazil and Colombia, throughout 2022.
“bitcoin is the first and only monetary network in human history that works everywhere and is open to everyone. it functions in new york, san salvador, and buenos aires equally. we’ll continue expanding throughout all of latin america and globally until everyone has reliable access to the world’s best monetary network,” mallers said in conclusion.
Strikes played a vital role in El Salvador.
the company launched its mobile payments app in el salvador last march, six months before the country officially accepted btc as legal tender inside its borders. At the time, Mallers described the move as a "shot heard around the world for Bitcoin."
The executive also affirmed that the development would unlock the potential of the cryptocurrency leader for everyday use cases on "an open network that benefits individuals, businesses, and public services."
