Strike Announced ‘Pay Me In Bitcoin’ Feature To Enable Salary In BTC
Through Pay Me In Bitcoin, Strike users can now direct deposit to their account and configure any amount of the incoming money to be instantly converted into bitcoin with zero fees.
Lightning Network payments platform Strike announced its newest service, ‘Pay Me In Bitcoin’, which allows users to automatically convert a portion or all of their income into bitcoin in the app by using their bank account and routing numbers.
Strike Founder, Jack Mallers wrote in an announcement:
“I am unbelievably excited to announce and publicly release Pay Me in Bitcoin with Strike.
Today, anyone with a Strike account, no matter their employer, can get paid in bitcoin.”
Pay Me In Bitcoin is a step towards financial freedom for those who can’t get paid directly in bitcoin. Nearly anyone in the U.S. or El Salvador can sign up for Strike and start saving part of their income in BTC automatically, enabling them to create hedge against high inflation rates and be more independent with their money.
Mallers wrote:
“If you are not getting a 25% raise every year and you are saving in dollars, you are not out-earning or out-saving the rate of inflation or the increase in cost of living, and your quality of life will degrade as time goes on.”
The announcement highlighted BTC’s benefits:
“Bitcoin is the scarcest asset of all time, infinitely divisible, trivial to verify, can transport at the speed of light, and can be safely secured with as little as one’s memory.”
Strike is a custodial solution, which means that users don’t own the private keys that control their funds in the app. However, the application allows BTC funds to be withdrawn to third-party Bitcoin wallets to which the user holds the private keys, enabling them financial sovereignty.
Mallers wrote:
“You don’t have to work for a special company, you don’t have to convince your boss to like bitcoin, you don’t need to nag your CFO to put bitcoin on the balance sheet. All you need to do is share your Strike account details and configure your Pay Me In Bitcoin split.”
