Jack Mallers: Bringing Bitcoin to El Salvador | SALT Talks #229

Jack Mallers is the Founder and CEO of Zap, which created Strike, a bitcoin investment and payments company that transacts over the Lightning Network. Jack is known as one of the earliest Lightning Network developers, and recently has been providing market insights to help build El Salvador’s modern financial infrastructure using Bitcoin technology. This technology delivers powerful advantages over legacy financial rails and incumbent payment systems. “What’s transformative here is that bitcoin is both the greatest reserve asset ever created and a superior monetary network. Holding bitcoin provides a way to protect developing economies from potential shocks of fiat currency inflation,” Strike is a mobile payments app that allows users to send and receive money anywhere, instantly, for free. 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, ushering in a new digital economy with truly borderless money transfers. Strike leverages Bitcoin’s open payment network to offer users the first global peer-to-peer payments app and a novel bitcoin-native financial experience. —————————————————————— Registration for SALT New York is now open! Join us September 13-15, 2021 and sign up at https://register.salt.org/event/411f76d9-c215-4719-9bc4-8dfac6cfacdd/summary For podcast transcripts and show notes, visit https://www.salt.org/ Watch this video on YouTube: https://youtu.be/4tLo74533xc Moderated by Anthony Scaramucci. Developed, created and produced by SALT Venture Group, LLC.