What Bitcoin Did

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Twitter Integrates Bitcoin with Jack Mallers

Peter McCormack

Interview | Description | Timestamps | Show Notes

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Twitter Integrates Bitcoin with Jack Mallers - WBD401 Peter McCormack

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Location: Remotely
Date: Thursday 23rd September
Company: Strike
Role: CEO

For the past few decades, fintech companies have launched many proprietary payment systems for digital payments, leading to competing standards that have left markets disconnected and bifurcated.

Bitcoin is a new open monetary system, and the Lightning Network introduces instant cash-like digital finality. Any platform or company can now plug into a global interoperable financial network that operates at the speed of light.

Twitter has become the first social network to integrate Bitcoin as its native currency. So what will this mean for social media and content creators?

In this interview, I talk to Jack Mallers, CEO of Strike. We discuss the launch of the Strike API, integrating Bitcoin with Twitter, and the accelerating network effects of Lightning.

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00:04:18: Introductions
00:05:48: Strike's integration with Twitter
00:07:28: Physical finality with Bitcoin
00:09:52: How the integration works
00:12:13: Global rollout
00:15:25: The only global monetary network
00:17:35: The implications of the integration
00:21:18: El Salvador's adoption
00:23:04: A standard global protocol
00:25:05: Future for the legacy banking sector
00:39:50: Micro and macro benefits
00:44:21: The parallel story of Linux
00:47:31: Jack's Strike vision coming to fruition
00:52:10: Network effects
00:57:34: Separating politics from the policy
01:01:23: Final comments

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