Part 11/14:
Dorsey shares how Strike has launched successfully in markets like Argentina, where demand for dollars remains critical. His team has designed products that meet this need via stablecoins and dollar-like balances, enabling users to hold and transfer the USD-equivalent in their local currency using Lightning, circumventing capital controls and black markets.
He emphasizes that this presents a “bottom-up" dollarization, where governments and communities can adopt Bitcoin-based solutions to navigate economic hardship. For instance, in Argentina, users can access dollar balances without dependence on local banking restrictions, demonstrating both Bitcoin’s resilience and Lightning’s utility.