Strike Arrives in Argentina with USDT Support, No Bitcoin Integration Yet –

Strike, a Bitcoin-based wallet and exchange service, has landed in Argentina and brings USDT Integration for in-country users. Strike CEO Jack Mallers explained that his goal in bringing the app to the country is to provide Argentinians with a platform to maintain stable cash value. This value is expressed in the form of . held USDT, with no option to store Bitcoin, at least at launch.

Strike brings stablecoin integration to Argentines

Strike, a popular Bitcoin-based wallet, has launched in Argentina, offering Argentinians a new way to store their savings via stablecoins. The announcement of this development was made by Strike CEO Jack Mallers, who explained that due to the financial hardships of the country's citizens, a migration to foreign currencies such as the dollar is taking place.

Mallers explained:

There is now unprecedented demand for an open monetary system that lives on a distributed network, has known monetary policy, has a fixed supply and is resistant to censorship.

Mallers continues explained that Strike offers “a stable cash balance that can be spent immediately and without fees” in its Argentine installment.

Powered by USDT

While Strike is known for its Bitcoin and Lightning network features, it launched in Argentina with USDT as his backbone. This was seen as strange by some Local media Points of sale, considering that Mallers has publicly been a big supporter of the Bitcoin ecosystem and Strike has already implemented these services in other locations including El Salvador.

The current version of the application used for Argentina USDT, Tether's popular stablecoin, as the backbone to store value for users. USDT has a market capitalization of more than $78 billion and is the most valuable stablecoin project in the entire cryptocurrency market. The USDT The version used by Strike is an ERC20 token that uses the Ethereum blockchain.

However, since Strike is a custodial wallet, users do not have to deal with the high fees that currently plague some Ethereum users as transactions with Strike are free. In its terms of service, the wallet explains that Bittrex is used for custody of the assets and the company is not responsible for the custody of the cryptocurrency in its wallet.

What do you think about the launch of Strike in Argentina? Tell us in the comments section below.

Sergio Goshenko

Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price surge occurred in December 2017. With a background in computer engineering, living in Venezuela and affected by the cryptocurrency boom on a social level, he offers a different perspective on crypto success and how it helps the unbanked and underserved.

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