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    Home » Crypto News » Strike Brings The Bitcoin Lightning Network to Argentina

    Strike Brings The Bitcoin Lightning Network to Argentina

    Author: Dimitar Dzhondzhorov

    Last Updated Jan 12, 2022 @ 12:04

    Strike’s CEO Jack Mallers opined that the cryptocurrency development could “give hope to the people of Argentina.”

    The popular digital wallet built on Bitcoin’s Lightning Network – Strike – announced its launch in Argentina. As a result, the company aims to grant “superior financial experience” to a country that faces a high level of inflation and other monetary issues.

    Strike’s Latin American Expansion

    Jack Mallers – Founder and CEO of Strike – confirmed the news in a recent tweet. He opined that bitcoin could “give 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.” Strike’s launch will enable Argentineans to hold a “stable cash balance that can be spent both instantly and with no fees,” he outlined. Mallers also described the Bitcoin network as a superior monetary system that brings “basic human freedoms.”

    Strike is currently working with businesses and individuals in Argentina. The firm has already launched initial services to the residents of the southern city of San Martin de Los Andes, located in Patagonia. Strike has also quadrupled its team in the region.

    The start-up vowed to continue expanding to more countries in South America, such as Brazil and Colombia, throughout 2022.

    ADVERTISEMENT

    “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.

    Strike 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. Back then, Mallers described the move as a “shot heard ‘round the world for bitcoin.”

    The exec also claimed that the development would unleash the potential of the leading cryptocurrency for daily use cases on “an open network that benefits individuals, businesses, and public sector services.”

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    • ElSalvador
      El Salvador's Government Prepares Laws Covering Bitcoin Bonds
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      Argentines Pay More For 1$ in Bitcoin or DAI Than For One Physical Dollar
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    Tags: Argentina Bitcoin Lightning Network
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    About The Author

    Dimitar Dzhondzhorov
    More posts by this author

    Dimitar got interested in cryptocurrencies back in 2018 amid the prolonged bear market. His biggest passion in the field is Bitcoin and he was fascinated with its journey. With a flair for producing high-quality content, he started covering the cryptocurrency space in late 2018. His hobby is football.

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