pull down to refresh

373 sats \ 4 replies \ @bumi 27 Sep 2022 \ on: Strike Raises $90M bitcoin

what is strike actually doing?

write
preview
802 sats \ 2 replies \ @nullama 28 Sep 2022

I think they want to be able to do cheap forex through Bitcoin.

That is, if you want to transfer/convert currency A to currency B they would buy Bitcoin with currency A, then transfer Bitcoin to a wallet in country B, then buy currency B with that Bitcoin.

Basically using the Bitcoin network as a cheap money transfer mechanism.

reply
101 sats \ 1 reply \ @swifteagle8 8 Oct 2022 freebie

Why wouldn’t you just use a stable coin? Strike is already centralized and requires KYC.

reply
0 sats \ 0 replies \ @nullama 9 Oct 2022

I haven't used it so I'm not sure, but I think it's just simplicity.

I think you can spend Bitcoin and receive USD directly to a bank account from one place. There's no need to go through an exchange.

reply
0 sats \ 0 replies \ @DarthCoin 8 Oct 2022
reply