Bitcoin Payment App Continues Its Latin-America Expansion Plans, Launches In Argentina

By Mayowa Adebajo
Published January 12, 2022 Updated January 12, 2022
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Bitcoin payment app launches in Argentina
Bitcoin payment app launches in Argentina

Bitcoin Payment App Continues Its Latin-America Expansion Plans, Launches In Argentina

By Mayowa Adebajo
Published January 12, 2022 Updated January 12, 2022

In what seems like a ccontinous strive to gain ground and establish itself as the leading Bitcoin payment app in the Latin America region, Bitcoin’s Lightning Network-powered app Strike has now launched its services in Argentina. This follows after the firm launched a similar service in El Salvador in March, 2021 which saw a massive demand from investors.

Bitcoin Payment App Launches in Argentina

On Tuesday, the Bitcoin payment service provider announced via the Twitter page of its CEO Jack Mallers, that Argentines now have access to a life-changing financial experience, even as they can now begin using bitcoin remittance payments. The announcement also highlights that nationals may now use the peer-to-peer transaction system of Strike, as well as receive bitcoin tips from their Twitter platform.

Here’s an excerpt from the tweet:

“Today, we launch a superior financial experience to a country that faces hyperinflation, predatory payment networks, and unusable cross-border transfers. Today, we use the world’s open monetary network, #Bitcoin, to give hope to the people of Argentina”

Could Strike Just Be Starting To Scratch The Surface?

Interestingly, Argentina only happens to be the first nation in a series of many other targets that Strike has for 2022.

According to the company’s statement, there are plans to expand into other Latin American markets as well, including Colombia and Brazil.

Although the company is still in the initial stages of launch, early integrations and activations have already begun in the southern city of San Martin de los Andes, in Patagonia.

More Hands on Deck

Strike seems to be going all in with its expansion plans. The firm recently quadrupled its Latin American team towards this early launch in Argentina and there are reports that it plans on hiring more in the region.

CEO Jack Maller also claims that Argentina is undoubtedly one of the most exciting countries where one can build a Bitcoin economy.

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Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
Mayowa Adebajo
148 Articles
Mayowa Adebajo is a fintech enthusiast with a decade-long experience writing news stories and creating content generally. When he's not writing, he's either talking politics or discussing sports.

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