Tag: Strike

Both Ripple co-founder Chris Larsen and Strike CEO Jack Mallers spoke extensively about proof of work (POW) at Bloomberg’s Crypto Summit on Tuesday. While the former believes the consensus mechanism is an existential threat to the planet, the latter sees no way that Bitcoin could function without it. Larsen: POW Has Poor Incentives During his interview, Larsen described Bitcoin mining as a “problem” responsible for contributing to the worldwide climate crisis. Rather than castigating miners themselves, he blames Bitcoin’s programming…

Strike – a Bitcoin payments company and custodial wallet – has announced multiple partnerships to rapidly expand Bitcoin lightning network adoption. Together with NCR, Shopify, and Blackhawk, the company will enable massive retailers to accept Bitcoin payments. The Open and Global Monetary Standard Speaking at the Bitcoin 2022 Conference in Miami on Thursday, Strike CEO Jack Mallers was welcomed with roaring applause. The entrepreneur expected big things, after announcing Bitcoin as legal tender in El Salvador at last year’s event.…

Apple reportedly plans to reduce its reliance on outside financial companies by building out new services in-house. Apparently, one of the developing services is related to payment processing technology. Could this technology involve the Bitcoin network? Recent behavior from Jack Mallers – CEO of Strike – hints that his company may play a role. Apple’s New Services As reported by Bloomberg, insiders say that Apple’s effort is focused on new products rather than current ones. They include everything from payment…

After inspiring El Salvador’s government to adopt a Bitcoin standard, Strike is expanding its operations to another central American country. Yesterday, CEO Jack Mallers announced Strike’s launch in Argentina and were set to act as a cost-effective remittance service using Bitcoin. However, it would seem that in-wallet assets are stored in neither dollars nor BTC, using Tether instead. Strike’s Significance In Argentina Mallers revealed his company’s expansion in a tweet on Tuesday, alongside a thread explaining its significance. “Today, we…

Jack Mallers, CEO of Zap Solutions, has developed a new service to streamline the investment process for Bitcoin HODLers. Strike users of his custodial wallet can now opt to convert some or all of their future income into Bitcoin. Mallers explained how this feature works, as well as what makes it so important to society. Mallers: “Pay Me in Bitcoin” is For Savers Jack Mallers announced Strike’s new feature in a blog post earlier today. As the post reads, users…

A narrative has been making rounds that Strike preserves the LN properties because it is built on top of it. The information is, however,  incorrect. To this effect, many Bitcoiners do not know that the wallet is a custodial service. Strike, the largest digital wallet on the Bitcoin Lightning Network welcomed last month's law announcing its adoption by the U.S. currency of Bitcoin as a legal tender for El Salvador as the first sovereign nation in the world. This action…