Lightning Series: Why Bitcoin is Global Money with Jack Mallers

In this interview, I talk to Jack Mallers, CEO of Strike. We discuss the Lightning Network as a medium of exchange, the power of open networks, and how the Bitcoin rails change remittance.

SHOW NOTES:
https://www.whatbitcoindid.com/podcast/lightning-series-why-bitcoin-is-global-money

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TIMESTAMPS:
00:00 Introduction
03:34 How Lightning is being used in El Salvador
11:21 Is Lightning a threat to Visa?
16:56 Bitcoin as a global medium of exchange
23:03 The network effect of Bitcoin
29:29 How Strike is changing remittance
35:21 How Strike uses the Lightning Network as a monetary network
42:12 When will Strike be available globally
45:27 Buying Bitcoin with Strike
58:05 Building the biggest company on the planet

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****

“Never before have we had a monetary network that all you need is an internet connection and by plugging in and operating on the same standard you’re natively interoperable with everyone else in the world on it.”
— Jack Mallers

Location: Remotely
Date: Thursday 15th July
Project: Strike
Role: Role: CEO

With Strike, Jack Mallers is taking on the traditional financial rails and neobanks by facilitating the sending of money anywhere in the world, near-instantly and for free. Strike does this by utilising the largest and best open monetary network of all time, bitcoin.

After running a successful pilot campaign in El Salvador, a country that relies heavily on remittances, Jack was instrumental in its groundbreaking bill that made it the first country to adopt bitcoin as legal tender.

In a country where a vast proportion of the population operating outside of the banking system, Strike helps build financial inclusion, and they now have their sights set on the rest of the world.

In this interview, I talk to Jack Mallers, CEO of Strike. We discuss the Lightning Network as a medium of exchange, the power of open networks, and how the Bitcoin rails change remittance.