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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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.