Bitcoin payments on the Lightning Network with Strike's Jack Mallers | E1462

This Week in Startups

Jason Calacanis

Technology

4.4 • 1.3K Ratings

🗓️ 17 May 2022

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

First, we cover the news of Ex-Meta crypto chief David Marcus launching a Bitcoin payments startup backed by a16z & Paradigm (02:05). Then, Jack Mallers, the CEO of Strike joins (8:13) to discuss the lightning network & the history of payment networks (12:10), why companies use the Strike API (24:42), why he thinks Visa and Mastercard can't compete (31:24), Strike unlocking Bitcoin’s potential (34:40) and more!

(00:00) Jason and Molly tee up today’s show
(02:05) Ex-Meta crypto chief David Marcus launches Bitcoin payments startup backed by a16z & Paradigm
(08:13) Molly interviews Jack Mallers, CEO of Strike
(10:57) Vanta - Get $1,000 off automating your SOC 2 at https://vanta.com/twist
(12:10) The lightning network & the history of payment networks, how Strike disrupts them
(23:26) OpenPhone - Get an extra 20% off any plan for your first 6 months at https://openphone.com/twist
(24:42) Use cases for Strike’s API
(30:070 Reforge - Apply for their next cohort at https://reforge.com/twist
(31:24) How do Strike fees compare to merchant fees from Visa, Mastercard, etc?
(34:40) Has Strike unlocked Bitcoin’s potential?
(41:12) What dominoes will fall before people get off dollars?

Check out Strike: https://www.strike.me
FOLLOW Jack: https://twitter.com/jackmallers
FOLLOW Jason: https://linktr.ee/calacanis
FOLLOW Molly: https://twitter.com/mollywood

Transcript

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0:00.0	Hey everybody, hey everybody, welcome to Tuesday.
0:03.3	We've got a big show for you today.
0:04.8	We do, we are chillin' in Miami.
0:07.3	We're not chillin' at all.
0:08.3	We are like, we're on the death march of fun
0:12.0	as I've started calling it in Miami.
0:14.1	But we have a great show for you today.
0:16.0	Today's guest, this is one to watch.
0:19.1	This is Jack Miley.
0:20.0	There's the CEO of Strike,
0:22.3	which I can't get over the action of the name I love it.
0:25.8	It's building a payments app like Venmo
0:28.4	and an API for payments on the Lightning network,
0:31.4	basically like the currency part of cryptocurrency.
0:34.4	Yeah, and we'll break all that down for your first.
0:36.5	We're gonna explain what the Lightning network is
0:38.3	and some news about that.
0:39.4	So you go into the interview with a little bit of knowledge.
0:41.6	Yeah, look at us.
0:42.4	Tien up a story arc for our Facebook crypto head,
0:45.9	David Marcus, recently launched a new company called
0:49.3	LightSpark, which is all about that Lightning network,
	...

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