El Salvador’s Strike is in the process of registering, according to a company representative and a member of the Bitcóin Beach Project, an initiative that has encouraged the use of cryptocurrencies on El Zonte Beach, for a while. Two years.
Strike is a payment application developed by Zap Solutions, Inc. It “allows users to send and receive money for free,” according to its website.
It was its CEO, Jack Mallers, who, during a conference on cryptocurrency in Miami, USA, presented a video of President Neb Bukele, in which the president announced the adoption of Bitcoin as legal tender in El Salvador. The Strike app was mentioned over the past week as one of the alternatives that can be used as an electronic wallet to send money transfers to the country.
Renato Salazar, a Bitcoin Beach project promoter and Strike representative, said the company is in the “registration process” in the country. When asked if this company will have “exclusiveness” in El Salvador as a digital wallet, Salazar replied that “Bitcoin is for everyone, not just for the wallet, there are thousands of applications that transfer bitcoin” and that they understand that the government can develop private applications.
“From strike to strike, there are no fees,” he said of paying commissions on transfers. He says the profit comes from the number of users of the app.
In Section 12 of the law approved to convert bitcoin into legal tender, it states that “the state will encourage training and necessary mechanisms so that residents can access transactions in bitcoin.”
When asked in an interview with MILF about the dangers of money laundering and the use of bitcoin, he replied that “they have no opinion, because the legal terms do not concern them.”