64 minutes | Jan 8th 2021

Jack Mallers vs The World

“We have banked the unbanked. We have given them free and instant international money transfers, we have provided them financial services that have had gatekeepers for hundreds of years.”
— Jack Mallers

Location: Remotely
Date: Tuesday 5th January
Company: Zap
Role: CEO

This week Jack Mallers announced the launch of Strike Global, a Bitcoin neobank that uses the Bitcoin network and lightning to facilitate the sending of money anywhere in the world, in a matter of seconds, for free.

The speed and cost of payments have often been a topic of debate in Bitcoin. While the basechain is necessarily slow, the Lightning Network promises to provide instant and low-cost bitcoin transfers. 

With Strike, Jack Mallers is taking this to the next level allowing users to settle in fiat currencies across the Bitcoin network. Fast and no cost transfers of fiat currencies solve problems across the world, especially in third-world countries. Strike aims to run a pilot in El Salvador to prove this. 

Strike has also enabled Caroline Panthers Offensive Tackle; Russell Okung to become the first NFL player to be paid in bitcoin, half of his $13 million salary.

In this interview, I talk to Zap CEO Jack Mallers. We discuss the newly launched Strike Global, revolutionising global payments, neobanking with Bitcoin and helping to bank the unbanked in 3rd world countries.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.
Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets.

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WBD296 - Show Notes

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