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Layer 2 Powered Strike Wallet Launches in Argentina

Layer 2 Powered Strike Wallet Launches in Argentina

Built on Bitcoin’s fast-paced Lightning Network, the digital wallet Strike will be stepping into Argentina.

Argentina, alongside other regions in Latin America, had multiple issues with its economy for years, specifically inflation, which turned the country towards the crypto industry in late 2021.

With other countries in the region like Paraguay adopting cryptocurrencies, Argentina seems to be following the same path in an attempt to build back the crumbling economy. 

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What is a Liquidity Pool in Crypto? (Animated)

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On January 11th, the CEO of Strike Jack Mallers tweeted announcing that the digital banking platform will start operating in Argentina. 

He went on to post a wall of tweets about the "economic turmoil" the country has faced over the years, and that it required "an open monetary system that lives within a distributed network, has a known monetary policy, a fixed supply, and is resistant to censorship."

Strike’s ventures into South America won’t stop at Argentina. The platform aims to expand further down the region, including Brazil, Colombia, and other countries that endure economic struggle.

Aaron S., Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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