Bitcoin’s Lightning-powered payment app, Strike, announced its launch in Argentina to offer what it claims to be a superior financial experience in a country that has one of the world’s highest adoption rates for cryptocurrencies. The recent development further advances Strike’s mission of building a ‘more connected financial world.’
According to the press release, Strike would facilitate day-one access to a wide range of use cases such as instant and near-free remittance payments, accepting and sending bitcoin Tips on Twitter, and peer-to-peer transactions. On Strike’s future expansion plans the P.A read,
Strike has begun working with merchants, consumers, and individuals in Argentina, launching initial integrations and activations in San Martin de Los Andes. Since the launch in El Salvador less than one year ago, Strike has quadrupled its Latin American team to expand in Argentina, and it is targeting a continent-wide expansion of its team and of the app. Strike will continue to launch in more countries throughout the year, with a focus on Brazil, Colombia, and other Latin American markets and plans for other regions throughout the world.
Strike would be available on the App Store and Google Play Store in Argentina. Besides that, it also enables anyone with a Twitter account within the accepted countries to receive and to send Tips to anyone. According to the payment firm, this is a cheaper and faster global alternative to traditional bank or card networks. In addition to Argentina, Strike is available in most U.S. states and El Salvador.
El Salvador’s adoption -the first Bitcoin national project
Having said that, the world’s first national Bitcoin project has been El Salvador’s adopting BTC as legal tender back in September 2021. Previously, El Salvador‘s Finance Minister Alejandro Zelaya said that the government is planning to send around 20 bills related to the Bitcoin bonds to Congress for its approval. The bills aim to cover financial markets and investment in securities to provide a legal foundation for issuing the bonds, he told a local TV. “This is to provide a legal structure and legal certainty to everyone who buys the Bitcoin bond,” Zelaya added.