Jack Mallers’ Strike Revolutionizes Global Money Transfer System
Jack Mallers: A Key Figure in Bitcoin Adoption
Jack Mallers, known for his role with Strike, has influenced Bitcoin adoption significantly. Here are the essential points regarding his journey:
- Introduced to Bitcoin by his father, William Mallers Jr., a former Chicago Board of Trade chair.
- Initially pursued various tech startups, including an app called ChessExplained.
- Shifted focus to Bitcoin and the Lightning Network around 2016.
- Built the first Lightning app, Zap, from his bedroom, advocating for its potential.
- Launched Strike in 2019, raising $3 million and expanding its user base rapidly.
- Played a crucial role in El Salvador's decision to adopt Bitcoin as legal tender in 2021.
- El Salvador currently holds over 6,100 BTC, valued at approximately $520 million.
Mallers' story highlights the evolution of Bitcoin from a niche technology to a national currency in El Salvador, showcasing its growing significance in the financial landscape.