Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.
Jack Mallers, CEO de Strike, is convinced that using Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. as a payment system is better than card processing networks or banks.
Mucho se ha hablado de Bitcoin as one of the best safe haven assets that serve as a back-up and store of value in the face of rising inflation a general increase in prices and fall in the purchasing value of money. in all countries; however, far fewer people defend it as a means of payment, despite the fact that transaction costs have decreased significantly on the network.
Ahora, el CEO de la plataforma de pagos digitales Strike Jack Mallers, gave some interesting answers to the media. Yahoo Finance when he was asked precisely about Bitcoin as a means of payment.
Mallers stressed that using Bitcoin as a payment network is “superior” to card processing systems or banks. He also compared the main cryptocurrency with the Internet and said that both provide freedom.
Bitcoin superior a Western Union
Jack Mallers is known as an outspoken advocate for Bitcoin and often describes the advantages of the leading digital digital technologies are these electronic tools that have the ability to generate, store or even process data. asset.
In the interview, after arguing that using BTC as a payment network is cheaper, faster, global, more inclusive and more innovative, he concluded that it is better than any other settlement system:
“Using Bitcoin as a payment network a network refers to all nodes in the operation of a blockchain at any given moment in time. is superior to card processing networks or banking networks or remittance networks like Western Union.”
He also explained that payment networks should smoothly facilitate the transition of value from point A to point B in order to be considered effective. “Bitcoin lo hace mucho mejor”, Mallers stated and added: “And we can interface it with dollars just like Visa interfaces dollars over debt-based payments into credit card payments.”
“And that’s why I think it’s just superior. It’s cheaper. It’s faster. It’s more global. It’s more inclusive. It’s more innovative. And it’s just the new way we should be making payments and transferring value.
But don’t waste it!
Although he considers it a good means of payment, at the moment the CEO believes that it is better to makehodl, i.e. keep it because its price will go up in the future.
In this regard, Mallers did not advise people to spend the main cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. because it is an asset designated to increase in valuation in U.S. dollars over time. For that reason, people hold it as a store of value and would not easily part with it.
So he insisted:
“What I’m advocating is to interconnect it with dollars. We can move dollars on top of it. We can move euros on top of it. We can move game points on top of it.” .
He added: “I’m not advocating that people spend Bitcoin. I’m advocating that, how do you transport value at the speed of light? I mean, this is a payment network that could move value anywhere in the world at no cost, in real time, and anyone can build on it. It’s more inclusive, more innovative.
He further stated: “And I’m just saying, if you wanted to, for example, change change — a concept relevant to cryptocurrencies that use the UTXO model — is the number of coins sent back to a user after they use their unspent outputs to initiate a transaction. dollars to euros, you could take dollars out of your Chase account, convert them to Bitcoin, send them all over the planet in real time: is the only wearable instrument that can move and settle at the speed of light, and then turn it back into euros. . For the consumer sending money, or for the consumer buying Chipotle, they don’t know that Bitcoin is involved.”
He continued: “So whether you want to have a stable currency currency is a medium of exchange that defines value. on one end, whether you want to have a euro, whether you want to have Starbucks points, it is the payment network that facilitates value settlement. It’s not necessarily what the consumer or the merchant or the shipping payment or the B2B, what they want to have and what they want to interact with. It’s the rails under the hood.”
Asimismo, Mallers ve muchas similitudes entre Bitcoin e Internet. He says that the Internet represents freedom, since everyone can find the truth as long a situation where you buy a cryptocurrency with the expectation of selling it at a higher price for profit later. as they are willing to search for it. “Can you imagine trying to follow what’s going on in war today if I had to rely on The New York Times to publish someone’s opinion that was credible?” he asked and answered himself:
“Puedo ir a la web, es inclusivo Involucra a todos. Es intrínsecamente innovadora porque cualquiera puede unirse y construir sobre ella”.
También, a su juicio, Bitcoin as a monetary network works on the same principle: gives individuals financial independence from government and central banks.
Congratulates El Salvador
Precisely because of this, Mallers referred to El Salvador’s decision to adopt BTC as legal tender. He described the nation as a “developing country”, who, following the initiative, travelled 100 years forward in time:
“It’s like they’ve taken a steroid. It’s like they jumped into the future. How did they do that? They jumped into the Bitcoin lane. It’s the most beautiful thing I’ve ever seen, right?”.
It’s worth remembering that Mallers is not new to the defense of Bitcoin. In September of last year, he explained the importance and significance of the the integration of tips Bitcoin via Lightning Network through Twitter, mechanism for users to operate with digital currency through the social network.
In addition, a few weeks ago, digital payments platform a place to buy, sell and store cryptocurrency announced its integration with the e-commerce company Shopify. This allows customers in the U.S. to make settlements from BTC faster and more economical through Bitcoin Lightning Network. In this regard he said:
“Lightning Network is a global payments network that reduces costs, improves speed, drives innovation, enhances financial inclusion and brings the power of choice to consumers and merchants.”
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