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The company said Tuesday that Argentines will be able to make bitcoin remittance payments, receive bitcoin tips on Twitter and use Strike's peer-to-peer transaction services. Argentina is the first step in a 2022 Latin American expansion that will include Brazil, Colombia and "other Latin American markets," the company added in a statement. The company launched its payment app in El Salvador last March. Strike is currently working with merchants, consumers and individuals in Argentina, according to the statement. So far, the company has launched initial integrations and activations in the southern city of San Martin de los Andes, located in Patagonia. The company quadrupled its Latin American team for its Argentina start and plans to continue hiring in the region. "Argentina is one of the most exciting countries for building the Bitcoin economy, leveraging Bitcoin as both a superior asset and a superior payments network," Strike founder and CEO Jack Mallers said in the statement.
Payment platform Strike has launched a new product called the Bitcoin Tab, which would enable users in the US to buy bitcoin at one of the cheapest rates. The company would only charge 0.3% as market spread execution cost, which could reduce to below 0.1% as volume grows. Strike CEO Jack Mallers said that the company is aiming to become the cheapest place for users to purchase bitcoin.