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Peter McCormack Will Create a Film About El Salvador’s Bitcoin law

Amy Liu

Summary: British Bitcoin podcaster Peter McCormack traveled to El Salvador to document the new Bitcoin law. He was invited to create a film about El Salvador’s Bitcoin law by Jack Mallers, whose company, Strike, is piloting Bitcoin payments technology that cuts costs for Salvadoran emigrants sending money back home.  For at least a month, McCormack trailed ...

British Bitcoin podcaster Peter McCormack traveled to El Salvador to document the new Bitcoin law. He was invited to create a film about El Salvador’s Bitcoin law by Jack Mallers, whose company, Strike, is piloting Bitcoin payments technology that cuts costs for Salvadoran emigrants sending money back home. 

For at least a month, McCormack trailed Mallers with a film crew to document the experiment. Mallers is confident that with Bitcoin, Strike can cut transaction fees to near-zero. If it works, Strike could bring the technology to other countries. If it fails, El Salvador could continue hurtling into debt.

By Amy Liu

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