However, only about 58% of nodes are operating channels and earning yield.
“Your move, Brian Armstrong, come play basketball in my court,” says Strike’s CEO.
“Tether is no longer a part of anything,” Jack Mallers said on the “What Bitcoin Did” podcast.
An emotional Jack Mallers announced the news at the Bitcoin 2021 conference in Miami.
Okung’s $13 million salary is being split 50-50 between bitcoin and fiat by way of Zap’s Strike product.
State-imposed quarantines and policies set to work-from-home are boosting bitcoin-based shopping.
Lightning-based fiat-bitcoin systems could popularize crypto payments, as long as fraud and bitcoin's non-reversibility don't get in the way.
"Merchants can accept bitcoin and lightning payments with the same infrastructure, except they never touch the asset," explained Zap founder Jack Mallers.