Bitcoin Payments App Strike Enters UK as Global Expansion Rolls Out
Bitcoin payments app Strike is now available to customers in the U.K. After its successful launch in Europe and Africa earlier this year, the app is expanding its global reach.
New Opportunities for UK Customers
Customers in the U.K. can now use the Strike app to buy, sell, and withdraw funds. The app allows users to send and receive bitcoin (BTC) or sterling. This feature provides an easy way for users to manage their money and make transactions.
Aggressive Global Expansion
Strike is growing fast and now operates in more than 100 countries and territories worldwide. The company started its service in Europe in April, followed by an earlier launch in Africa. While some crypto companies are pulling out of the U.K., Strike is increasing its presence and showing a strong commitment to promoting bitcoin adoption globally.
Significant UK Market
With a population of 67 million, the U.K. is the second-largest economy in Europe and the sixth-largest globally. This presents significant opportunities for bitcoin adoption, according to the company. "The U.K. market offers a great chance for expanding bitcoin usage," Strike stated.
Cross-Border Services from Europe
Although Strike will serve U.K. customers, it will manage its operations cross-border from its European base. The Financial Conduct Authority-registered firm Engelbert will make sure that the company meets all regulatory requirements for crypto promotions.
Built for Global Money Transfers
Strike was developed by the Chicago-based startup Zap Solutions in 2020. The app works much like popular payment apps such as Cash App or PayPal but uses Bitcoin's Lightning Network for transactions, making transfers quicker and cheaper.
With the global reach of the Strike app, the future of bitcoin payments in the U.K. looks promising.
