El Salvador’s U.S. Bitcoin Partner Strike Lacks Key Licenses
Strike have licenses to operate their transactions in one state. But how can they operate across the US & El Salvador?
Nayib Bukele, president of El Salvador, created a history to legalise bitcoin as a legal currency.
Through his decision, he made El Salvador the first country to accept Bitcoin as a legal tender.
Related: El Salvador to Become First Nation With Bitcoin as Legal Tender
Since many critics have been faced by The government of El Salvador till now.
Related: El Salvador Will Not Get Any Support By World Bank For Bitcoin Infrastructure
They are not only facing criticism but also they are giving perfect reply with the help of new ideas & infrastructure protocol to use Bitcoin in perfect manner.
Related: Nayib Bukele Planning To Produce Green Energy For Mining
For the payment system in Bitcoin for El Salvador citizens, they partnered with Strike.
Strike is just like a money wallet. But in the present time Strike is used to help El Salvador to use Bitcoin in El Salvador financial infrastructure.
Strike is Founded in 2019, the company behind Strike, Zap Solutions.
The main fundamental working protocol of Strike is only to provide instant bitcoin transactions through the Bitcoin lightning network system, so that people don’t pay high fees for bitcoin transactions.
But here a problem arises with Strike. Strike has a license to operate their work with Bitcoin and dollar fiat systems in El Salvador.
Since bitcoin is not legal as a currency In US, people who don’t belong to El Salvador but belong to the United States are in confusion whether it will be legal to have payment with Strike because Bitcoin is not legal in all US states.
Read also: Paradguay legalise crypto soon
Many people asked about it but the strike didn’t respond about this matter.
Probably this is a biggest problem and mistake that is not considered by them or probably they are working to solve this problem of legalisation in more transparency level.
So many people believe that the Strike team will take some time to give a genuine reply.
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