Please keep in mind that this video shows a transfer from one Strike account to another. Is the value backed by Bitcoin? Sure, I'll give them the benefit of the

Please keep in mind that this video shows a transfer from one Strike account to another. Is the value backed by Bitcoin? Sure, I'll give them the benefit of the doubt (though the temptation has got to be there to maintain a fractional reserve). But Strike owned the coins before and after the transaction, so it's hard for me to be impressed. How is this different from Venmo, apart from being denominated in BTC?