Announcing Strike Global

  • Has partnered with Bittrex Global and will be launching in over 200 countries.
  • Has added support for USDT, USDC, EUR, GBP, CHF, and more.
  • Will be onboarding all 1M+ Bittrex users onto Strike and Lightning.
  • Will have the Strike Card available in the US Q1 2021.
  • Will have the Strike Card available in the EU and UK Q2 2021.

The Story

SWIFT

TransferWise

Strike

  • Variable cost to achieve transaction finality.
  • Variable time to achieve transaction finality.
  • Must use bitcoin the asset on the Bitcoin network.
  • V̶a̶r̶i̶a̶b̶l̶e̶ ̶c̶o̶s̶t̶ ̶t̶o̶ ̶a̶c̶h̶i̶e̶v̶e̶ ̶t̶r̶a̶n̶s̶a̶c̶t̶i̶o̶n̶ ̶f̶i̶n̶a̶l̶i̶t̶y̶.̶
  • V̶a̶r̶i̶a̶b̶l̶e̶ ̶t̶i̶m̶e̶ ̶t̶o̶ ̶a̶c̶h̶i̶e̶v̶e̶ ̶t̶r̶a̶n̶s̶a̶c̶t̶i̶o̶n̶ ̶f̶i̶n̶a̶l̶i̶t̶y̶.̶
  • Must use bitcoin the asset on the Bitcoin network.
  • V̶a̶r̶i̶a̶b̶l̶e̶ ̶c̶o̶s̶t̶ ̶t̶o̶ ̶s̶e̶n̶d̶ ̶a̶ ̶p̶a̶y̶m̶e̶n̶t̶.̶
  • ̶V̶a̶r̶i̶a̶b̶l̶e̶ ̶t̶i̶m̶e̶ ̶t̶o̶ ̶a̶c̶h̶i̶e̶v̶e̶ ̶t̶r̶a̶n̶s̶a̶c̶t̶i̶o̶n̶ ̶f̶i̶n̶a̶l̶i̶t̶y̶.̶
  • ̶M̶u̶s̶t̶ ̶u̶s̶e̶ ̶b̶i̶t̶c̶o̶i̶n̶ ̶t̶h̶e̶ ̶a̶s̶s̶e̶t̶ ̶o̶n̶ ̶t̶h̶e̶ ̶B̶i̶t̶c̶o̶i̶n̶ ̶n̶e̶t̶w̶o̶r̶k̶.̶

How Strike Global Works

  • When I initiate the $1,000 payment, Strike debits my existing USD balance.
  • Strike then automatically converts my $1,000 to bitcoins ready for use in its infrastructure using its real-time automated risk management and trading infrastructure.
  • Strike then moves the bitcoins across the Atlantic Ocean where it arrives in one of our many European infrastructure pieces in less than a second and for no cost.
  • Strike then takes the bitcoins and automatically converts them back into Euros using its real-time automated risk management and trading infrastructure.
  • Strike then credits the existing user with the Euros to their Strike account.
  • A BTC/USD BUY (from the sender’s USD to BTC)
  • A BTC/EUR SELL (from the BTC to the receiver’s EUR)

User Story

  • When I initiate the $1,000 payment, Strike debits my existing USD balance.
  • Strike then automatically converts my $1,000 to bitcoins ready for use in its infrastructure using its real-time automated risk management and trading infrastructure.
  • Strike then moves the bitcoins across the Gulf of Mexico where it arrives in our Central American infrastructure in less than a second and for no cost.
  • Strike then takes the bitcoins and automatically converts them back into USDT (synthetic digital dollar known as Tether) using its real-time automated risk management and trading infrastructure.
  • Strike then credits the existing user with the USDT to their Strike account.
  • El Salvador user requests to sell $100 worth of Bitcoin from Bitcoin ATM.
  • El Salvador user scans the Bitcoin ATM QR code with their Strike app.
  • Strike debits their Tether balance and converts it to bitcoin using its real-time automated risk management and trading infrastructure.
  • Strike then sends the bitcoin to the desired Bitcoin ATM address.
  • The ATM receives the bitcoin and issues the user their local fiat currency.
  • Access to synthetic and digital USD.
  • Access to P2P payments.
  • Access to free and instant international money transfers anywhere in the world at any time.
  • Access to bitcoin.
  • Neo-bank Account
  • All from your phone.

What’s Next

  • Private BETA testing with USDT, USDC, EUR, GBP, CHF.
  • Public BETA with USDT, USDC, EUR, GBP, CHF.
  • Onboard 1M+ Bittrex users onto Strike and the Lightning network.
  • Issue Strike cards in the US.
  • Issue Strike Cards to our European and UK users.
  • Add more fiat currency pairs.
  • Bitcoin-native neo-bank
  • Instant and free international fund transfers
  • Partnerships with the biggest exchanges in the space and companies in the world (Bittrex, CMT, VISA)
  • Support in hundreds of countries
  • Major fiat currency support
  • Stablecoin support
  • Strike Card
  • Strike Payday

Thanks

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zap.jackmallers.com

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Jack Mallers

Jack Mallers

zap.jackmallers.com

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