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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.
The firm, under the guidance of jack mallers, rolled out its crypto payment services for the argentinian market on january 12. strike is famous to enable bitcoin (btc) payments via lightning network, especially in el salvador. Users are able to purchase Bitcoin via the app though, and send it to a third party wallet.
Users can purchase Bitcoin through the app, and send it to a third-party wallet. 18 that Strike’s app is currently ranked as the fifth-highest finance app and the top new app overall on the Argentinian Apple app store, as he emphasized the importance of the Bitcoin network:
“The best monetary network in human history is here, it's open, and will disrupt the world quicker than anyone thinks. Mallers tweeted on january 18 that the strike app is currently listed as the fifth finance app and the best new app overall on the argentina apple app store, as he stressed the importance of the bitcoin network: "the best currency network in human history is here, it's open, and will disrupt the world more quickly than we realize.
Open networks are winners."
Open networks wins." mallers stated earlier this week that strike is working to bring additional btc support and features to the app soon, noting that society adopts "exactly the same" approach for el salvador.
We have meetings next week to find sufficient partners and are working on bringing the #Bitcoin tab and other features in the US to Argentina, one step at a time.
The exact same approach we’ve taken in El Salvador
— Jack Mallers (@jackmallers) January 15, 2022
Neither Strike nor Mallers highlighted the use of Tether as part of the company’s initial announcement, however the CEO did note that the app would enable the Argentinian people to “hold a stable cash balance that can be spent both instantly and with no fees.”
The same approach that we took in el salvador — jack mallers (@jackmallers) on january 15th, 2022neither the strike nor the hammers emphasized the use of the fastener as part of the company's initial announcement, however, the ceo pointed out that the application would allow the argentinian people to "hold a stable cash balance that can be spent both instantaneously and at no cost." 11 report from local media outlet iProUP, the terms of service for Strike’s app states that it is partnered with the Bittrex exchange for asset custody and fund transfers, and specifies that the app will provide "a currency that users can use to protect themselves” from inflation.
11 of local media iproup, the terms of service of the strike application stipulates that it is in partnership with the exchange bittrex for the custody of assets and cash transfers, and states that the application will provide "a currency that users can use to protect themselves" from inflation.
Related: Uruguay reportedly installs its first Bitcoin ATM
A local Strike user named “Nico” on Twitter stated that he able to receive Bitcoin via the app but it was instantly converted into USDT, while Argentinian crypto Journalist Luis David Esparragoza responded the same thing happens on the reverse transaction, where users send USDT to Bittrex which is then converted in BTC.
One function that reportedly supports Bitcoin directly in Argentina, is the BTC tipping feature on Twitter, with Mallers alluding to such via a screen recorded via on Twitter last week.
A function that would support Bitcoin directly in Argentina, is the BTC tipping feature on Twitter, with briefcases hinting at such via a screen recorded via on Twitter last week.
