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- The strike is gradually broadening its presence in South America by making its wallet available to Argentinians.
- Argentine consumers benefit from what Strike’s CEO refers to as “better financial service,” however not all users are happy.
- The Argentine version of the Strike Wallet does not let you purchase, trade, or retain bitcoins.
Strike just launched in Argentina, but everything is not well, as some users believe they have been scammed. The Argentine version of the Strike Wallet does not let you purchase, trade, or retain bitcoins.
Strike, A superior financial experience or scam?
One user claims that the application takes bitcoin payments through the Lightning Network but converts them to USDT for storage in the wallet. The strike made no mention of this in their first announcement. He also stated that he is able to transmit USDT in order to exchange and receive bitcoins.
The strike began in Argentina in order to broaden its presence throughout Latin America. Strike CEO Jack Mallers earlier stated in an interview with Investor’s Podcast Network that his goal is to deliver financial inclusion to nations with substantial unbanked populations.
Argentina’s launch will enable low-cost remittances, bitcoin tipping, and peer-to-peer payments. The CEO promised “a superior financial experience”. Strikes take advantage of the “open global monetary network, #Bitcoin, to bring hope to Argentina’s people.”
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The launch
The strike has so far been launched throughout the United States (with the exception of New York and Hawaii) and El Salvador. Argentina is the newest country to benefit from Strike’s collaboration with Bittrex Global, which converts USDT to bitcoin for Argentine customers.
“The dematerialization of all current monetary functions into a single monetary standard is not straightforward,” Mallers added, explaining the sluggish roll-out. “Argentina is one of the most interesting places for expanding the Bitcoin economy, utilizing Bitcoin as both a superior asset and a superior payment network,” he added of the Argentine roll-out. He stated that he preferred a thorough rollout over a quick one.
The strike was set to launch in the United Kingdom and Europe by the end of 2021, with hopes to spread to 200 countries through a collaboration with Bittrex. There has been no formal word about the status of these deployments.
Twitter trick
Integrating Strike into Twitter has been one of the most appealing use cases for the Strike app. Twitter just added support for sending bitcoin receipt tips via the Strike application programming interface for iOS and Android (API).
This paved the road for content providers to collect bitcoin payments from followers in exchange for their work. With the Argentine launch, supporters in the United States, El Salvador, and Argentina may tip.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
