Jack Mallers discusses Bitcoin, El Salvador and how Strike can capture the power of open networks to spread further than fintech.
“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.
The fifth-year player will use Zap’s Strike to take his entire base salary of $920,000 in what Culkin said was “the hardest form of currency.”
Salvadorans can now use Strike to receive remittances from their families abroad without the added hassle of currency conversion. The EU is next.
Visa partner Strike is adding support for multiple fiat currency pairs plus stablecoins as part of its journey to become a “Bitcoin neo-bank.”
Okung’s $13 million salary is being split 50-50 between bitcoin and fiat by way of Zap’s Strike product.
Lightning-based fiat-bitcoin systems could popularize crypto payments, as long as fraud and bitcoin's non-reversibility don't get in the way.