Published: 19.04.2022
Article reading time:
2 minutes.
The CEO of payment service Strike believes that payment services must constantly improve, and Bitcoin does it best.
Jack Mallers stated in an interview that the use of bitcoin as a payment network “is superior to traditional payment services and banks.” In addition, the head of Strike compared the first cryptocurrency with the Internet, stating that both the first and the second provide freedom.
Mullers believes that using Bitcoin as a payment network is cheaper, faster, more global, inclusive, and more innovative, which is why its blockchain is better than any other settlement system:
“The use of Bitcoin as a payment network is superior to card processing networks, banking networks, or money transfer networks such as Western Union.”
The businessman explained that payment networks must constantly improve the convenience and cost-effectiveness of transactions. According to him, Bitcoin does this much better than traditional payment services.
However, the CEO of Strike is advising cryptocurrency holders not to spend bitcoin as the asset is meant to be a long-term investment. According to him, experienced traders are very reluctant to sell bitcoins and only for a very specific purpose:
“What I stand for is the interaction of bitcoin and dollars. We can invest dollars or euros in bitcoin. And make money from it.”
The CEO of Strike sees a lot in common between Bitcoin and the Internet, as anyone can use both.
“I can go online and buy bitcoin and anyone can do it. This applies to everyone. It’s inherently innovative, as anyone can join the community and build their products around it.”
Mullers described El Salvador as an emerging country that, after the Bitcoin initiative, moved forward 100 years in time:
“Like they took steroids. It’s like jumping into the future. How did they do it? We jumped on the rails of Bitcoin. It’s just the most beautiful thing I’ve ever seen.”
According to IntoTheBlock, bitcoin has become much more popular among institutional investors in 2021. In the network of the first cryptocurrency, 99% of the total transaction volume is transactions over $100,000.
Source: Bits
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