Announcing Strike Africa \ stacker news ~bitcoin

Announcing Strike Africa strike.me/blog/announcing-strike-africa/

4979 sats \ 27 comments \ @harrr 27 Feb bitcoin

This is so cool. I had hoped for Europe as I live there, but it's much more important that Strike is available in Africa, for obvious reasons.

I used to be in the bottom 1%, that's why bitcoin gave me hope, now I'm in the top 1% and people in Europe are already privileged enough, including me. Go Strike!

0 sats \ 1 reply \ @Bell_curve 27 Feb

Good perspective.

I wonder if KYC will be a problem in Africa. How does KYC work in Africa?

10 sats \ 0 replies \ @erict875 28 Feb

Everyone with a sim card is already automatically KYC'ed, as it requires proof of id.

113 sats \ 8 replies \ @go 27 Feb

Strike is in 74 countries now. What a monumental feat.

https://strike.me/faq/where-is-strike-available-wr/

230 sats \ 7 replies \ @south_korea_ln 27 Feb

That number is a bit misleading. E.g. South Korea, in this list, does not get on-off ramp functionality through Strike. At present, it is just a regular LN wallet like the hundreds of other ones out there except for the additional KYC it requires.

50 sats \ 0 replies \ @WeAreAllSatoshi 27 Feb

This is a good clarification to call out!

0 sats \ 2 replies \ @guts 28 Feb

Same in Mexico.

0 sats \ 0 replies \ @south_korea_ln 28 Feb

Wait are you sure about Mexico though? Seems to appear in the Send Global list...

0 sats \ 0 replies \ @south_korea_ln 28 Feb

Jack Mallers is a good at hyping his product.

0 sats \ 2 replies \ @Bell_curve 27 Feb

Which wallet are popular in South Korea? How do Korean buy or procure bitcoin?

Does kimchi premium exist?

79 sats \ 1 reply \ @south_korea_ln 28 Feb

Koreans are mostly shitcoin degenerates. Ripple is still the biggest market after BTC. Most Koreans buy their crypto on exchanges. It has become more difficult to move them off exchanges, so I would imagine the majority never used a wallet and keep everything on exchange. If ever they leave their exchange, it's to send it to the usual foreign shitcoin casinos such as Binance. Government gave recent amnesty for tax-avoiders keeping their fortune abroad on such exchanges asking them to report their holdings. Many politicians turned out to be huge holders too.

There are some maxis though, from my understanding, they do P2P trades, mostly, if they can't do it within the regulated exchange market.

Kimchi premius is real, but it never got back to the 2017 bullrun levels. You can follow the premium real-time here. It's the 김프 column.

0 sats \ 0 replies \ @Bell_curve 28 Feb

Much Thanks for your conscientious response

61 sats \ 4 replies \ @oliverweiss 27 Feb

Definitely good for adoption. Doesn’t Strike require KYC?

27 sats \ 1 reply \ @jeff 27 Feb

There will never be large companies without KYC.

Eg. SN will either stay small, or require KYC one day.

21 sats \ 0 replies \ @elvismercury 28 Feb

Or domicile in a friendly jurisdiction. A wholly distributed small dev team makes it at least potentially feasible.

11 sats \ 1 reply \ @hasherstacker 27 Feb

Unfortunately, it does. That's the bad news

0 sats \ 0 replies \ @Bell_curve 27 Feb

Lightning wallet

63 sats \ 2 replies \ @hasherstacker 27 Feb

So good for Africa. Africa is where Bitcoin is needed most

10 sats \ 1 reply \ @TNStacker 27 Feb

And Appalachia!

21 sats \ 0 replies \ @Bell_curve 27 Feb

The forgotten coal miners

52 sats \ 0 replies \ @TheBTCManual 27 Feb

Finally a place for Africans to get access to LN directly, this is going to be fun, too many casinos have been the only place to send people and its such a bother

15 sats \ 0 replies \ @phatom 28 Feb

Strike is coming to Africa on full scale especially with its deal with Bitnob last year

18 sats \ 1 reply \ @KLT 27 Feb

Amazing news. It’s better to have access to the best money in the world, even if it’s KYC so that people can eventually go down the rabbit hole and learn to self custody, which a company like strike incentives. I see nothing but positive here.