Strike Brings Bitcoin’s Lightning Network Technology to Argentina

Strike Brings Bitcoin's Lightning Network Technology to Argentina

A digital wallet built on Bitcoin’s Lightning Network – Strike – has announced its launch in Argentina.

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Strike aims to deliver a “superior financial experience” to a country facing high levels of inflation and other currency problems. The CEO of Strike, Jack Mallers, thinks that cryptocurrency development can “give hope to the people of Argentina.”

Strike’s expansion in Latin America

Jack Mallers – Founder and CEO of Strike – confirmed the news in a recent tweet. “Bitcoin can give hope to the people of Argentina,” he said, adding that despite being the third-largest economy in Latin America, the country has struggled with high inflation for years.

According to a declare Separately, Mallers ranked Argentina as one of the “most exciting countries to build a Bitcoin economy.”

“The launch of Strike will allow Argentinians to hold steady cash balances that can be spent instantly and with no fees,” said Mallers.

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The CEO of Strike asserts that Bitcoin’s Lightning Network is a preeminent monetary system and can bring about basic human freedoms.

Strike is currently working with businesses and individuals in Argentina. In addition, going forward, Strike is committed to continuing to expand to more countries in South America, such as Brazil and Colombia, throughout 2022.

“Bitcoin is the first and only network of money in human history that works everywhere and is open to everyone. It operates equally in New York, San Salvador and Buenos Aires. We will continue to expand throughout Latin America and globally until everyone has reliable access to the world’s best currency network,” concludes Mallers.

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