This man Jack Mallers has a way of finding himself in the middle of historical transactions. This time, Strike’s CEO used the recently unveiled Twitter Tips Lightning integration to send $10 instantly to San Salvador. The person on the other end of the line then uses the money to buy coffee at a little-known independent coffee shop. We are witnessing the merger of one of the largest social networks in the world with the open monetary network of Bitcoin.
I just published the Strike API Announcement
today, @Tweet enables free, instant, global payments for their users with their Strike API integration.
What did the internet do for communication, #Bitcoin + The Lightning Network is making money.https://t.co/jHkY6knXkP pic.twitter.com/FXujknG7sM
— Jack Mallers (@jackmallers) September 23, 2021
IN linked blog postJack Mallers explains the transaction and its significance:
Similar reading | Jack Mallers outlines Bitcoin’s key issues, how BTC will drive the future of payments
“In the demo above, I sent a $10 tip from my home in Chicago, USA to my friend David in San Salvador, El Salvador. The payment was made immediately without any fees. The single, open monetary network that allowed me to send an instant, free, cross-border payment to David is the same single, open monetary network that allowed David to immediately use that money to buy a mug coffee at Starbucks as soon as he got the notification on Twitter that I had sent him money.”
BTC price chart for 09/25/2021 on Exmo | Source: BTC/USD on TradingView.com
Last time Jack Mallers found himself in the middle of a historic transaction
When the CEO of Strike send $10 to Nigeria, he described that other transaction in terms that also apply to today’s historic transaction.
“If you don’t see how big this is, think about it like Jack Mallers does. He “didn’t have to register the transfer through a financial intermediary like Western Union, request Bernard Parah’s private bank details, or wait days for the payment to clear.” Bernard, on the other hand, “did not owe any broker a percentage of the transaction, the payment was non-refundable, and it was settled immediately.”
Bernard Parah’s Bitnob and Strike are interoperable because they both joined Bitcoin and Lightning’s open monetary network. And now, Twitter and its millions of users have joined both these companies and the network. This is huge.
Also, Jack Mallers previously stated, “Today, Strike has become the best remittance option from USA to Nigeria without even trying.” This time he feels even more confident:
“Twitter’s integration with the Strike API turns Twitter into one of the world’s best delivery experiences, one of the world’s largest global creator marketplaces, one of the world’s largest global payment experiences, one of the world’s most best global micropayments in the world, and allows an Internet communication company to interact with the monetary standard for the world, enabling global payments for their users.”
Boom!
The craziest thing you’ll see today? An instant, free, cross-border payment @Tweet.
Twitter’s integration with the Strike API turns Twitter into one of the best delivery experiences in the world.
Here is the view from my phone as I send money to El Salvador 🥳😄 pic.twitter.com/N6Zcjiv3sy
— Jack Mallers (@jackmallers) September 23, 2021
The relationship between Twitter and Strike
IN Strike API Official Sitethey describe the product as:
“Connect your business to a global network of instant payments. Marketplaces use Strike’s API to enable payments between buyers and sellers or fans and creators.”
When Bitcoinist announced integrating a Bitcoin and Lightning-type feature into Twitterwe said:
“Twitter made the announcement today via an official company blog post, where he explained that Twitter users regularly add links to their bios so that followers can help support them. Now this is built right into Twitter.
Twitter has partnered with Jack Mallers’ Strike lightning wallet for the integration. As part of the launch of Twitter Tips, Strike has debuted their Strike API platform to “serve markets and trading businesses” as the social media company.
#Bitcoin IN #Lightning⚡️ is the future of global payments. pic.twitter.com/9RONDBnVXQ
— Michael Saylor⚡️ (@michael_saylor) September 23, 2021
And in the aforementioned blog post, Twitter elaborates:
“In addition to the services currently enabled through Tips, people can now tip with Bitcoin using Strike – a payment app built on the Bitcoin Lightning Network that allows people to send and receive Bitcoins. Strike offers instant and free payments worldwide.”
In this first iteration of the Twitter Tip feature, you need a Strike account to receive tips. That means, only people in the US and El Salvador can get it at the moment. However, anyone, worldwide can tip via a Lightning Network receipt.
Similar 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 big as Bitcoin adoption in El Salvador in terms of adding millions of future users.
Featured Image: screenshot from Jack Maller's video | Charts by TradingView
