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This man Jack Mallers has a way of finding himself in the midst of historic transactions. This time around, the CEO of Strike used the recently unveiled Twitter Tips Lightning integration to instantly send $ 10 to San Salvador. The person on the other end of the phone then uses the money to buy coffee at a little-known independent cafe. We are witnessing the merger of one of the largest social networks in the world with Bitcoin’s open currency network.
I just posted Strike API Announcement
Today, @Twitter enables free, instant and global payments for their users through their integration of the Strike API.
What the Internet has done for communication, #Bitcoin + the Lightning Network does for money https://t.co/jHkY6knXkP pic.twitter.com/FXujknG7sM
– Jack Mallers (@jackmallers) September 23, 2021
In the linked blog post, Jack Mallers explains the transaction and its significance:
Related reading | Jack Mallers Describes Key Bitcoin Problems, How BTC Will Drive The Future Of Payments
“In the demo above, I sent a tip of $ 10 from my home in Chicago, USA, to my friend David in San Salvador, El Salvador. The payment was settled instantly free of charge. The singular and open currency network that allowed me to send an instant and free cross-border payment to David is the same open and singular currency network that allowed David to immediately use that money to buy a cup of coffee from Starbucks as soon as possible. that he got the Twitter notification that I had sent him money.
BTC price chart for 09/25/2021 on Exmo | Source: BTC/USD on TradingView.com
The previous time, Jack Mallers had found himself in the middle of a landmark transaction
When the CEO of Strike sent $ 10 to Nigeria, he described this other transaction in terms that also apply to today’s historic transaction.
“If you don’t see how huge that is, think of it the way Jack Mallers does. He “did not have to register the transfer via a financial intermediary such as Western Union, to ask for Bernard Parah’s private bank details or to wait days for the payment to be settled”. On the other hand, Bernard “did not owe any intermediary a percentage of the transaction, the payment was not reversible and settled instantly”.
Bernard Parah’s Bitnob and Strike are interoperable as they both joined the Bitcoin and Lightning open currency network. And now Twitter and its millions of users have joined these two companies and the network. It is huge.
In addition, the previous time, Jack Mallers had proclaimed: “Today, Strike has become the best option to transfer from USA to Nigeria without even trying. “This time he feels even more confident:
“Twitter’s integration with the Strike API makes Twitter one of the best money transfer experiences in the world, one of the largest global creator markets in the world, one of the best global payment experiences in the world. world, one of the best global micropayment marketplaces in the world, and allows an internet communication company to interact with the world’s monetary standard, enabling global payments for their users.
Boom!
The craziest thing you’ll see today? Instant, free and cross-border payment on @Twitter.
Twitter’s integration with the Strike API makes Twitter one of the best money transfer experiences in the world.
Here is the view from my phone as I hand over money to El Salvador pic.twitter.com/N6Zcjiv3sy
– Jack Mallers (@jackmallers) September 23, 2021
The relationship between Twitter and the strike
On the Strike API official website, they describe the product as:
“Connect your business to a global instant payments network. Marketplace uses the Strike API to enable payments between buyers and sellers or between fans and creators.
When Bitcoinist announced the integration of a Bitcoin and Lightning advisory functionality on Twitter, we said:
“Twitter made the announcement today via an official company blog post, where he explained that Twitter users regularly add links to their bio so that followers can help them. Now this is integrated directly into Twitter.
Twitter has partnered with Jack Mallers’ Lightning Strike wallet for the integration. As part of the launch of Twitter Tips, Strike launched its Strike API platform to “serve markets and traders” as the social media company.
#Bitcoin to #Flash⚡️ is the future of global payments. pic.twitter.com/9RONDBnVXQ
– Michael Saylor⚡️ (@michael_saylor) September 23, 2021
And in the blog post mentioned, Twitter clarifies:
“In addition to the services currently enabled through Tips, people can now seamlessly tip with Bitcoin using To hit – a payment application built on the Bitcoin Lightning Network that allows people to send and receive Bitcoin. Strike offers instant and free payments worldwide.
In this first iteration of Twitter’s Tip feature, you need a Strike account to receive tips. This means that only people in the United States and El Salvador can receive at this time. However, anyone, anywhere in the world, can tip them through a Lightning Network invoice.
Related reading | El Salvador and Bitcoin: Jack Mallers reveals the inside scoop
It’s a whole new world out there. Twitter’s Lightning integration could be as important as Bitcoin’s adoption in El Salvador, when it comes to onboarding the next million users.
Featured Image: screenshot from Jack Maller's video | Charts by TradingView
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