Lightning Series: Why Bitcoin is Global Money with Jack Mallers

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2021Jul 16

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/podcas... THIS EPISODE’S SPONSORS: Gemini - https://www.gemini.com/ BlockFi - https://blockfi.com/?ref=f0fdce00 Sportsbet.io - https://sportsbet.io/?ref=wbd Casa - https://keys.casa/?pk_campaign=wbd-ye... Exodus - https://www.exodus.io/ Ledger - https://www.ledger.com/ Revolut - https://www.revolut.com/wbd 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 WHERE TO FIND THE SHOW: → My website: https://www.whatbitcoindid.com/podcast/ → iTunes: https://apple.co/2OOlzVV → Spotify: https://spoti.fi/2ygc4W1 → Stitcher: https://bit.ly/2IQO8fX → SoundCloud: https://bit.ly/2CGSVQR → YouTube: https://bit.ly/3nyi9Ez → TuneIn: https://bit.ly/2ywystr LISTEN TO OLD EPISODES: → By guest: https://www.whatbitcoindid.com/guests/ → By topic: https://www.whatbitcoindid.com/topics/ → Transcriptions: https://www.whatbitcoindid.com/transc... SUPPORT THE SHOW: → https://www.whatbitcoindid.com/sponso... → Become a Patron: / whatbitcoindid → Subscribe on iTunes → Leave a review on iTunes → Share the show out with your friends and family on social media → Drop me a line on hello@whatbitcoindid.com WHERE TO FOLLOW ME: → Twitter: / whatbitcoindid → Medium: / whatbitcoindid → Instagram: / whatbitcoindid → Facebook: / whatbitcoindid → YouTube: / whatbitcoindidpodcast → Website: https://www.whatbitcoindid.com/ → Email list: https://www.whatbitcoindid.com/subscr... LEARN ABOUT BITCOIN: → Step by Step Guide: https://www.whatbitcoindid.com/beginn... → Training: https://www.whatbitcoindid.com/training/ → Resources: https://www.whatbitcoindid.com/resour... **** “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.