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_iswk

Re:$38M USD moved for half a penny on Saturday February 27, 2021 @11:30AM (#26285872)
I'm not aware of any alternative. Hopefully the global launch is not too far away.
Re:$38M USD moved for half a penny on Saturday February 27, 2021 @11:27AM (#26285834)
I'm not sure I understand your criticism. The USD is used to buy BTC. The BTC is then sold for EUR. There's no Forex trade, not directly at least.
Re:$38M USD moved for half a penny on Saturday February 27, 2021 @08:33AM (#26284734)
From the article:

> Strike maintains a live Forex rate and compares that to its own rate before every transaction. However, in our testing, a Strike international transfer has never been done at an unfavorable exchange rate when compared to Forex rates. Shockingly (or maybe not) it was even cheaper sometimes, exposing the flaws and lag in Forex rates and how they are used. Bitcoin, as the most liquid, globally transferable asset is already acting as the new world reserve currency with Strike.

Re:$38M USD moved for half a penny on Saturday February 27, 2021 @08:22AM (#26284685)
I thought this was Hacker News? What does the personal style of the founder have to do with the technology?

The app has already launched in the US and you can use it if you live there. Global launch is coming soon - they're running a trial in El Salvador.

Why is a community of makers hating on a fellow maker? Beats me.

Re:$38M USD moved for half a penny on Saturday February 27, 2021 @08:06AM (#26284616)
No doubt. But that also applies to the legacy financial system. It's just much more difficult to calculate.
Re:$38M USD moved for half a penny on Saturday February 27, 2021 @07:34AM (#26284451)
Again, and I hate to keep repeating myself, but this is not true and just shows that people are not doing their research and/or they're stuck in 2016.

Strike (https://global.strike.me) has built a product in which they use Bitcoin and the Lightning Network to send money (fiat currency like USD, EUR, etc.) around the world instantaneously and at virtually no cost. In some cases, they are able to offer exchange rates that are better than the inter-bank FX rate.

Explanation of how it works: https://jimmymow.medium.com/announcing-strike-global-2392b90...

Re:$38M USD moved for half a penny on Saturday February 27, 2021 @07:32AM (#26284431)
This is not true. I'm sorry to post this twice but it's relevant to the discussion and also an answer to the OP.

Strike (https://global.strike.me) has built a product in which they use Bitcoin and the Lightning Network to send money (fiat currency like USD, EUR, etc.) around the world instantaneously and at virtually no cost. In some cases, they are able to offer exchange rates that are better than the inter-bank FX rate.

Explanation of how it works: https://jimmymow.medium.com/announcing-strike-global-2392b90...