Strike, a Bitcoin payments app has officially launched in the UK. This expansion comes hot on the heels of its recent debuts in Europe and Africa.
Strike Ventures into the Global Market
The Bitcoin-focused blockchain will be stepping into the UK competitive market that includes Coinbase, eToro, and BitPanda. The growth in Strike’s operations signifies another achievement in its expansion shortly after its move into Europe and Africa.
Crypto enthusiasts in the UK can now buy, sell, and withdraw Bitcoin (BTC) or pounds via the app. The CEO of the company, Jack Mallers revealed that Europe will be Strike’s second-largest market following the U.S.
Announcing Strike UK 🇬🇧
Today, we’re launching Strike UK, expanding our full suite of Bitcoin services to all eligible customers in the UK
Buy #bitcoin, free on-chain withdrawals, a full-featured Lightning wallet and more. Get the best of #Bitcoin with @Strike
Wen UK? Now 🫡… pic.twitter.com/anVV3brJAR
— Strike UK (@strikebtc_uk) June 25, 2024
Speculation had it known that this expansion could stem from a notable increase in the price of Bitcoin in the coming months despite the latest price slumps. The company revealed that Engelbert, a firm registered with the Financial Conduct Authority, will ensure compliance with crypto advertising regulations.
While UK-based Exchange, Lykke said it is halting operations in the country after losing $22 million to hackers, Strike stated that it is expanding its operations and reinforcing its dedication to promoting Bitcoin adoption worldwide.
Strike is not the only Bitcoin-friendly app looking for expansion. As it stands, Robinhood has disclosed its plans to extend its crypto services to Europe in December.
Strikes’s Crypto Revolution
The fintech app was launched by its parent company Zap Solutions, a Chicago-based startup in 2022, and ever since it has made impactful innovations in the crypto world.
Similarly to Coinbase Exchange, the app utilizes Bitcoin’s Lightning Network for transactions, resulting in faster and more cost-effective transfers.
Notably, the firm is making big strides in the world of digital payments as it has expanded its footprint to over 100 countries and regions worldwide.
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