With the aim of facing the hyperinflation and devaluation that currently lives Argentina, the developer and CEO of the wallet digital Strike, Jack Mallers, made known through his account of Twitter the news that the wallet Since this month of January, it has been active in the South American country.
Strike is a digital wallet that is operating in U.S, The Savior and now in Argentina. With the platform, users can make payments instantly without any type of borders, they can even make payments in Bitcoin (BTC) or convert the money they receive into said cryptocurrency Since, it originally operates with the Bitcoin network and the Lighting Network.
However, in Argentina, the platform does not operate with either of the two networks mentioned above.
While Jack does mention bitcoin in the post when he wrote “Today, we use the global open monetary network, #Bitcoin, to give hope to the people of Argentina ”, the only way to be able to interact with said digital asset is through the tipping action of the Twitter application, which even Mallers demonstrates in the post.
But in yes, Strike Argentina is operating within the territory under the token ERC-20 network Ethereum and with your digital asset USDT (Tether). Information that can be reported when entering the platform.
It is not known if in the future the application will have updates that will make it work the same as it does in the USA and El Salvador, But at the moment what it allows its users to do is send, receive and keep the money without any type of commissions and pay the commissions when the deposit is received from another Ethereum network.
With the arrival of the wallet, the inhabitants now have an achievable way of safeguarding their money so that its value is not affected by devaluations because until now the platform does not allow its users to make the exchange from USDT to Argentine pesos.
In section “Terms of service” The platform communicates that the money will be held in Tether and not in US dollars and clarifies that USDT is an asset not backed by any government so far.
Likewise, the balance that the user has in the wallet will be under the power of Bittrex who is a Strike partner, Although it is clarified, Strike is not responsible for Bittrex services, including in this clarification the custody of digital assets.
As mentioned above, the initiative that the wallet also operates within Argentina comes to face hyperinflation and consequently the devaluation of the Argentine peso that constantly crosses the South American territory, as mentioned by Jack Mallers, is not a It is a matter of now, but the country has been on this same path for a long time.
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