Three days after announcing that it would launch services in Argentina, Strike, the Lightning Network-powered app, supports Tether’s USDT stablecoin only in the country. The company made no mention of supporting Tether only in its announcement on Tuesday. Strike’s foray into Argentina is part of a broader push to expand into Latin America.
In its announcement, the company said users will be able to make remittance payments, receive bitcoin alerts on Twitter and use Strike’s peer-to-peer transaction service. An Argentine user stated that the app can accept bitcoin payments but instantly convert the cryptocurrency to USDT. Strike wallet only holds USDT.
Another user in Argentina, Adam, tweeted that the app was “disappointing,” saying the app was a custodial wallet that only worked with Tether under the Ethereum ERC-20 standard.