Strike Launches in El Salvador with Jack Mallers, Miles Suter & Michael Peterson

“The world now has an open monetary network, it’s the first one of all time, and throughout the history of the world, open networks really defeat closed networks and usher in a lot of change and innovation and disruption.”— Jack MallersLocation: RemotelyDate: Tuesday 6th AprilCompany: Strike, Square Crypto & Bitcoin BeachRole: CEO, Bitcoin PM, FounderCIOBitcoin Beach is an experiment set up by Michael Peterson, trying to help the people of El Salvador. The organisation built a Bitcoin economy in Punta Mango, a small beach town in El Salvador where local businesses now accept Bitcoin, creating a local Bitcoin circular economy.In rolling out bitcoin services in this part of El Salvador, the speed and cost of transacting on the base layer presented challenges. Migrating to using the Lightning Network has solved these issues and helped build a circular bitcoin economy.Jack Maller’s Strike has also launched in El Salvador to solve other issues for the local people. With the Strike app using the bitcoin network as the payment rail, users can send fiat currencies instantly and at no cost.In this interview, I talk to Zap CEO Jack Mallers, Square Crypto's Miles Suter, and Bitcoin Beach's Michael Peterson. We discuss the Lightning Network, international remittance and how Strike solves problems for people in El Salvador.This episode’s sponsors:Gemini - Buy Bitcoin instantlyBlockFi - The future of Bitcoin financial servicesSportsbet.io - Online sportsbook & casino that accepts BitcoinCasa - The leading provider of Bitcoin multisig key security.Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets.Ledger - State of the art Bitcoin hardware wallet-----WBD338 - Show Notes-----If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:Become a Patron and get access to shows early or help contributeMake a tip:Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2SQR Codes: BitcoinIf you do send a tip then please email me so that I can say thank youSubscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS FeedLeave a review on iTunesShare the show and episodes with your friends and familySubscribe to the newsletter on my websiteFollow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTubeIf you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.