Strike's European Expansion Unleashes Bitcoin's Seamless Payment Power

Bitcoin payments app Strike has expanded to Europe, allowing users to buy, sell, and withdraw bitcoin (BTC). The app, which operates in over 100 countries, uses the Bitcoin blockchain and Lightning Network for faster and cheaper transactions. European users can transact directly with euros via SEPA and choose to receive funds in bitcoin, euros, or, in some regions, Tether's USDT stablecoin.

Strike's European Expansion Unlocks Bitcoin's Potential for Seamless Payments

April 25, 2024

London, United Kingdom - Bitcoin payments app Strike has officially launched in Europe, heralding a new era of financial freedom and efficiency for users across the region. The Chicago-based company, founded by visionary entrepreneur Jack Mallers, has rapidly expanded its global reach, now operating in Europe, Asia, the Caribbean, Latin America, and Africa.

Europe Embraces Bitcoin's Promise

As the third-largest economy globally, Europe presents immense opportunities for Bitcoin adoption. Strike's presence in the region opens up a gateway for individuals and businesses to experience the transformative power of decentralized finance. With Strike, users can seamlessly buy, sell, and withdraw Bitcoin (BTC) with unparalleled speed and affordability.

Bridging the Gap with the Lightning Network

Leveraging the transformative capabilities of the Lightning Network, a second-layer Bitcoin payment protocol, Strike empowers users to transact in Bitcoin in mere seconds. This groundbreaking technology eliminates the delays and high transaction costs associated with traditional banking systems, revolutionizing the way we send and receive money.

Seamless Euro Transactions and Global Reach

European users can effortlessly transact in euros via SEPA, the region's unified payment system. Strike's flexibility allows users to choose between receiving funds in Bitcoin, euros, or, in certain regions, Tether's USDT stablecoin. The app's global presence, spanning nearly 100 countries, ensures that users can connect with friends and family worldwide with ease.

Driving Bitcoin Adoption and Financial Inclusion

Strike's European launch is a testament to the growing momentum behind Bitcoin adoption. Through its user-friendly platform, the app empowers individuals to take control of their finances, regardless of geographic location or economic status. By providing local fiat on- and off-ramps, Strike facilitates wider access to Bitcoin and its transformative potential.

Transforming Monetary Transactions

Jack Mallers, Strike's founder, envisions the Lightning Network as a catalyst for revolutionizing monetary transactions, akin to the internet's transformative impact on communication. The network enables near-instantaneous and private peer-to-peer micropayments, unlocking a new paradigm for commerce and financial inclusion.

Global Expansion and Local Adaptations

Strike's global expansion has been driven by a strategic $80 million investment. While the app operates in nearly 100 countries, its full suite of services may vary depending on local regulatory frameworks. For instance, in Latin America, certain regions offer limited access to Bitcoin purchases via debit cards, with a 3.9% fee attributed to Visa processing costs.

A New Era of Financial Empowerment

The launch of Strike in Europe marks a pivotal moment in the evolution of financial services. By harnessing the power of Bitcoin and the Lightning Network, Strike empowers users with greater control over their money, reduces barriers to global transactions, and opens up a world of financial possibilities.