802 sats \ 2 replies \ @nullama 28 Sep 2022 \ parent \ on: Strike Raises $90M bitcoin
I think they want to be able to do cheap forex through Bitcoin.
That is, if you want to transfer/convert currency A to currency B they would buy Bitcoin with currency A, then transfer Bitcoin to a wallet in country B, then buy currency B with that Bitcoin.
Basically using the Bitcoin network as a cheap money transfer mechanism.
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101 sats \ 1 reply \ @swifteagle8 8 Oct 2022 freebie
Why wouldn’t you just use a stable coin? Strike is already centralized and requires KYC.
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0 sats \ 0 replies \ @nullama 9 Oct 2022
I haven't used it so I'm not sure, but I think it's just simplicity.
I think you can spend Bitcoin and receive USD directly to a bank account from one place. There's no need to go through an exchange.
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