Today we released new Request and Receive functionality within' @ln_strike!

At Strike, we're building the best financial experience and the world's first truly global and open checking account.

Request P2P, cross-border payments, and native #Bitcoin all in one feature👇💃
When clicking Request, users are now able to specify another Strike user and specify the amount they'd like to request.

Here I request:

- @mrfelton in Spain
- @crypteauu in Chicago
- @RomanMartinezC in El Salvador.

Different countries. Different currencies.

Doesn't matter.
Pending requests will be available on your home screen.

Here I have some pending requests from:

- @crypteauu in Chicago using USD
- @mrfelton in Spain for EUR
- @ottosuess in Brazil using Brazilian Reel
- @RomanMartinezC in El Salvador
I just completed one local P2P payment and three cross-border payments to different countries with different currencies. It's that easy.

Mainstream UX that abstracts the #Bitcoin magic happening under the hood.

Cross border payments are now P2P and will never be the same!🚀🌚
Wait, that’s not all.

Users can also generate Requests that aren't for a specific Strike user that anyone in the world can pay.

When clicking the #Bitcoin icon, Strike generates a Bitcoin/Lightning Network invoice that any Bitcoin and/or Lightning Network wallet can pay.
Here my friend texted me a Strike #Bitcoin request that I paid with @MuunWallet.

I could’ve paid it with @CashApp, @coinbase, or any Bitcoin/Lightning wallet.

My friend got $50. I used a free, global, wallet and #Bitcoin to pay it 🤯

Open monetary network interoperability!
Lastly, if you create a request that you’d like to have someone pay in person or that you’d like to pay yourself, you can simply tap the QR code.

Here I created a $5 request and paid it from my @MuunWallet.

Simple and smooth.
Building the tools that enables everyone on the planet to remain interoperable with #Bitcoin.

A bank account in your pocket that is natively interoperable with the best open monetary network in human history 🚀🌚😃🔥

Update Strike and give it a spin!
Oops, here is the demo!

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More from @JackMallers

6 Jan
I just published Announcing Strike Global.

Today, the world changes; the fundamentals of value exchange between our species enters a new epoch.

Send money anywhere, at any time, in seconds, and at no cost 🔥🚀🌚

global.strike.me

link.medium.com/sjGTCBNyPcb
The craziest thing you've seen all day?

Watch me send $10 from the United States that lands in Ireland as EUR in less than a second and free.

@mrfelton, a pint on me! 🍻

Here is what it looked like from my phone. Too easy 😃
Read 6 tweets
17 Aug 20
Sure.

Firstly, this comment:

"The important thing about Ethereum is that it is freedom. It's a platform where people can go and build things"
Well is Bitcoin then "freedom"? Is node.js "freedom"? Is RoR "freedom"? Can you elaborate on the above quote and why it's important to keep in mind? To me, that quote means absolutely nothing in an attempt to create an attractive soundbite.
Furthermore, it bothers me what that quote was in response to. @PeterMcCormack was voicing his lack of confidence in Ethereum because of the hundreds of millions (maybe now $1B+?) that has been lost due to "smart contract bugs".
Read 27 tweets
6 Aug 20
1/ Running a massive set of Lightning nodes for @ln_strike has been fun and really interesting.

With Strike rapidly growing, we were seeing spikes of payment failure rates for the first time. Investigating lead us to some interesting insights 👇
2/ Leaving our nodes open to any incoming connection allowed anyone to open channels to us. Almost all of these channels were bad channels and resulted in difficulties for our nodes.

Our nodes were struggling and encountering memory spikes correlated to payment failures ImageImageImageImage
3/ So, first things first, we deployed @lightning's "Channel Acceptors" feature, allowing us to only accept incoming channels from peers we are interested in.

Secondly, we tweaked our payment probe logic to be more in line with MPP, which can return multiple HTLC attempts.
Read 5 tweets
13 Mar 20
1/ Anyone relatively familiar with money management and markets should not be caught off guard by Bitcoin's recent move to the downside.

When a crisis punches you in the face, you find shelter in your winners. When cash begins to disappear, you run and grab your rainy day fund.
2/ BTC is the best-performing asset since its inception, still up 50% YoY today. It has gone from $0 to $20,000 since our last financial crisis.

For many, cash is disappearing. The world is very illiquid right now. Bitcoin's generational performance is a rainy day fund for some
3/ I'm hearing many popular (non-crypto) hedge funds are completely blown out and traders are being told to close down their positions. They need cash. This is the reason Gold is down as well.

BTC is still a tad bit too young to absorb such a global liquidity crisis without pain
Read 9 tweets
30 Jan 20
I just published Announcing Strike by Zap

Our biggest product yet, built on top of Olympus.

What if you could pay a Lightning invoice with your debit card? What if your bank account could speak Bitcoin?

Welcome, @ln_strike 🚀🔥😃

link.medium.com/AEgao2OYF3
Here is the view from my iPhone, screen recorded as I make a Lightning payment to @fold_app with USD
@ln_strike allows your bank account to speak Bitcoin, the QR codes you scan are entirely up to you.

You can make a payment to a service, or a payment to your own wallet and #stacksats 🚀🥳
Read 5 tweets
25 Dec 19
1/ @Melt_Dem, I respectfully disagree. This is incorrect.

Yes, derivatives do help market efficiency and general price discovery.

However, no, of course they do not affect basic supply and demand.
2/ Derivatives derive their value from the underlying, settling against an index composed of spot exchanges. General arbitrage and market efficiencies will always keep derivatives tied to the underlying.

Traditionally, the premium on a future is only due to the cost of carry.
3/ Commodity derivatives were invented to simply transfer risk.

Corn farmers selling futures before a risky winter transfers their risk to a speculator, allowing the farmers to do what they're good at, farm corn.

This has nothing to do with the price of the asset.
Read 6 tweets

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