Prolly nothing... https://www.businesswire.com/news/h...-app-to-3-billion-people-in-over-65-countries Strike launches global money app to 3 billion people in over 65 countries Founder and CEO Jack Mallers announced the massive global expansion of the Strike app at the Bitcoin 2023 conference in Miami The Strike interface (Graphic: Business Wire) May 19, 2023 05:00 PM Eastern Daylight Time CHICAGO--(BUSINESS WIRE)--Strike, the global money app for fast, safe payments and bitcoin, today announced the global launch of its app in over 65 countries, expanding access to its revolutionary payments and bitcoin services to nearly 3 billion people worldwide. “Everyone on planet Earth should have easy access to money that can't be inflated by governments and a payments network that can't be influenced by intermediaries” Strike’s global money app leverages the power of Bitcoin and the Lightning Network to deliver a smooth, secure, and cost-effective experience that has been redesigned from the ground up. Customers can sign up in a few clicks, instantly send and receive cash and bitcoin, pay a Strike user, utilize the Lightning Network, and buy bitcoin, all in one app. Strike’s platform is designed to empower people in countries around the world who face social and economic adversity including hyperinflation, unstable local currencies, and lack of access to fundamental financial services. “Everyone on planet Earth should have easy access to money that can't be inflated by governments and a payments network that can't be influenced by intermediaries,” said Jack Mallers, Founder and CEO of Strike. “Emerging market economies have long been plagued by financial uncertainty, inflation, and predatory services threatening people's ability to save, invest, and achieve financial stability. Bitcoin fixes this. Strike is a global money app that gives everyone easy access to better payments and bitcoin. It's an experience billions of people need. That's our mission, Better Money. It's what we do.” Previously, Strike has been available in the U.S., Argentina, and El Salvador. As of today’s announcement at the Bitcoin 2023 conference in Miami, the Strike app is now available in over 65 countries with plans to continue adding more markets. About Strike Strike enables cheaper, faster, global, cash-final payments for both businesses and consumers. Strike is built on top of the Bitcoin network – the largest global, interoperable, and open payments standard. Strike believes that open payment networks enable universal participation in the financial system, with truly borderless money transfers, cheaper payment processing, and new payment experiences previously impossible with legacy technology. https://strike.me
If you understood what the Strike app does, you would know this is unprecedented There is no bank or financial entity in the world that would even be remotely interested in doing or copying what this announcement is about I do not get paid
He makes us a lot of money. Shorting everything that he posts with "prolly nothing" has been quite lucrative as nearly all of this stuff goes tits up within a year.
Bitcoin is up 25,556% since inception. Its a bumpy ride and not for everyone but it up 65% in the last 6 months alone. The detractors have been smart enough to be quiet during the last 6 months as you cant argue with the numbers. It seems they didnt pass you the memo.
But, this is what everyone else is either starting to already do, or have already done, as with Microstrategy. I'm not sure it's really any sort of... moat. I'm not any Bitcoin Maxi, but I am willing to bet there is going to be a lot of competition in this area.
They can download a crypto wallet, but they don't have the means to put money into the crypto wallet The Strike app is not like any money app that people have in mind, ie. PayPal, Venmo, Revolut, etc This is a global banking app for the least privileged (financially) people of the world Try sending $5 or $100 to someone in El Salvador for a cost of 1-2 cents and the person receives US $ not bitcoins. Western Union and MoneyGram used to make $400M/yr from El Salvador Try sending $1 or $100 for the cost of a few pennies to someone in the Philippines. There are many people in the world that work overseas and send money to their families and have to pay exorbitant wire transfer or WU fees This latest announcement will allow 3 billion people in places in Africa or Latin America or SouthEast Asia to have a USD-equivalent bank on their phone, through USDT. In the past, when they receive USD transfers from overseas, some countries force the receiver to get local fiat currencies losing as much as 50% of the value by the time they receive the money On this announcement, Strike headquarters had to move to El Salvador to be able to do this... because as we all know the US is cracking down on Bitcoin and crypto companies The 3 billion people that this Strike app announcement will service do not have access to PayPal or Venmo or even a traditional bank And none of those companies are interested in something like this as this lowers their rent-seeking business revenues Imagine Citibank or JP Morgan opening a bank branch in El Salvador to service the over 70% of the population who are unbanked? Why haven't they done so for the past several decades?
I think this is out-dated thinking. The only person who should be cracking down on Bitcoin is the entity who has the most to lose. And who has the most to lose? He who controls the next world's dominant currency. Here is a hint: China And what did China recently do? They Banned Bitcoin and everything to do with it. They've also done so multiple times and been getting more desperate to do so. Do you honestly think they did so just to be really nice guys and help protect America's failing dominance? You can't blame the Chinese government for trying to stomp out a competing currency when every Chinese person knows clear well by now who the rising dominant player is. As for America... there are a lot of uneducated patriots still about, but whose who are educated, particularly in government sectors have already been accumulating. Imagine for a moment, someone like Pelosi banning insider trading by government officials. Now you, and I both know she's never going to do that... for what I hope are obvious reasons! It is a conflict of interest. Do I really need to turn this into another Dalio thread and ask what people think happens when a nation runs into its debt-spiral due to liberal politicians trying to buy votes?
This is the part that really surprised me, and should really be a wakeup call for the US. I'm in the middle of watching the interview on What Bitcoin Did with Jason Lowry about his Softwar Book, and it has been interesting so far. There is no doubt that the fight for control of the money is the biggest fight in the world. If the US loses this one, its simply game over. In another interview with Calle, I loved his answer when Peter asked if he was worried about regulation. He simply didn't give a fuck, period. The world will absolutely adopt an open source and permissionless monetary system. There is no doubt in my mind. Sure, there is a small chance that bitcoin might not be it, but the only issue that I see is one of scaling, and I know lots of people are working very hard on this right now. Its simply doesn't matter what anyone thinks of bitcoin right now because at some point in the future, everyone will be swept up into it. Either the state will adopt it in order to remain relevant, or each citizen will embrace it and start stacking in order to protect their financial interests. I think 2 tops runners for the POTUS position are quite orange pilled, so whatever temporary damage against bitcoin continues to be done by the current administration will be quickly reversed in 2024, and then its really full speed ahead to mass adoption. If I had to bet, I'd guess Kennedy takes it in 2024, but I also like Vivek who I think is running for the Republicans. If its Vivek against Kennedy, it really won't matter who wins as a bright future will be secured. As you can all see, I'm bullish as fuck, but I still hope bitcoin drops to 10k so I can become a whole coiner!