Lightning Series: Why Bitcoin is Global Money with Jack Mallers - WBD373

Mr Obnoxious

Peter McCormack

Technology, News, Politics, Money, Investing, Finance, Bitcoin

4.8 • 2.7K Ratings

🗓️ 16 July 2021

⏱️ 70 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

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.

Transcript

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0:00.0	Never before have we had a monitoring network that all you need is an internet
0:07.8	connection and by plugging in and operating on the same standard you're natively interoperable with everyone else in the
0:13.8	world on it.
0:14.7	Hello there from Bedford in the United Kingdom and welcome to my lightning series.
0:20.0	I've got another great show for you today.
0:22.2	But firstly, a big thanks to Ben for
0:23.8	taking over on the intro last week I was in hospital recovering from back surgery
0:28.1	and I just didn't have it in need to get the recording done so thanks Ben
0:31.8	thanks for doing that now I do have some time
0:34.5	until I'm fully back on my feet but when my doctor gives me the all clear I'm going to
0:39.1	be back traveling in the world and documenting the growth of Bitcoin. I've got my site set on Nigeria, Lebanon, Palestine, back to South America.
0:47.0	To be honest, I want to go anywhere where there's interest in Bitcoin and show you what's happening.
0:51.0	So fingers cross, I'm going to be back on my feet soon.
0:53.4	Anyway how are you all and welcome to the what Bitcoin did podcast which is brought to
0:57.2	you by Gemini the only place I am using for buying Bitcoin. I'm your host
1:01.0	Peter McCormack and back on the show I've got my boy Jack
1:03.7	Malers where we're going to be talking about Bitcoin being an open monetary
1:07.2	network and why it's the best money in the world but before that I do have a
1:11.6	message from my show sponsors and first up today we're going to be kicking off with Revolute
1:16.4	Now as many of you know Lloyce TSB the bank that I had used for 25 years closed down all of my accounts recently. They clearly don't like
1:25.0	Bitcoin. But Revolute got in touch. They said Pete, come on. Join us.
1:29.1	Become a Revolute customer. Check it out. See what you're missing? And I did.
	...

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