We Study Billionaires - The Investor’s Podcast Network BTC034: Bitcoin as Legal Tender & Near-Zero Exchange Fees w/ Jack Mallers (Bitcoin Podcast)
Jul 14, 2021
Jack Mallers, founder and CEO of Strike, discusses his groundbreaking work in El Salvador where Bitcoin has become legal tender. He shares insights on the innovative user experience for Strike users and the push towards near-zero exchange fees for purchasing Bitcoin. Mallers explains how these low fees could disrupt existing exchanges and talks about expanding Strike's reach to other countries. The conversation highlights Bitcoin's potential for financial inclusion and transformation in traditional payment systems.
AI Snips
Chapters
Transcript
Episode notes
Jack Ballers
- Jack Mallers was recently interviewed on Fox Business News about El Salvador.
- The interviewer mistakenly called him "Jack Ballers," which Preston Pysh found amusing.
El Salvador's Bitcoin Adoption
- El Salvador adopted Bitcoin as legal tender to address economic instability caused by the Federal Reserve and to promote financial inclusion.
- Bitcoin offers a fixed supply, distributed network, and inherent network effects, solving two major global issues.
Bitcoin Network's Power
- Bitcoin's network is its most powerful aspect, enabling cheaper, faster, and more inclusive global transactions.
- El Salvador's use of Bitcoin focuses on network utility rather than just its store-of-value properties.