Popular Bitcoin payment app Strike, which has been operating in the United States since 2020, has expanded its services to Europe. This expansion follows hot on the heels of its launch in Africa and underlines the company’s global growth ambitions.

Expansion into new markets

Developed by Chicago-based Zap Solutions and led by entrepreneur Jack Mallers, Strike has recently rolled out its services across several continents, including Asia, the Caribbean and Latin America. With the recent addition of Europe, Strike allows users to buy, sell and withdraw bitcoin (BTC).

The launch in Europe offers significant opportunities for bitcoin adoption, given the economic size of the region. “Europe is the third largest economy globally and offers enormous opportunity for bitcoin adoption,” Strike said in a press release. Community demand for this service has been clear, driven by the positive feedback the company has received.

Bitcoin payment app Strike now available in Europe
Bitcoin payment app Strike now available in Europe

Strike functionalities

Unlike traditional online payment systems such as Cash App or PayPal, Strike uses the Bitcoin blockchain to process transactions. This results in faster and cheaper transfers, an attractive feature for users who want to send or receive money around the world.

European customers can instantly buy, sell and withdraw BTC with Euro deposits via SEPA, the region’s payment provider. Recipients of the funds will have the choice of receiving the value in bitcoin, euros or, in some regions, Tether’s USDT stablecoin.

Users in Europe can check app availability in their local iOS or Android app store. However, Strike emphasizes that some countries have been excluded from the expansion for regulatory reasons.

Source: https://bitcoinmagazine.nl/nieuws/bitcoin-betalingsapp-strike-nu-beschikbaar-in-europa

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