Visa partner Strike is adding support for multiple fiat currency pairs plus stablecoins as part of its journey to become a “Bitcoin neo-bank.”
Okung’s $13 million salary is being split 50-50 between bitcoin and fiat by way of Zap’s Strike product.
Salvadorans can now use Strike to receive remittances from their families abroad without the added hassle of currency conversion. The EU is next.
Lightning-based fiat-bitcoin systems could popularize crypto payments, as long as fraud and bitcoin's non-reversibility don't get in the way.