Strike App Brings Bitcoin and Cross-Border Payments to Europe
Introduction
The popular Bitcoin payments app Strike has expanded its reach to Europe, offering eligible individuals and businesses the ability to buy, sell, send, and withdraw Bitcoin and make local currency payments. This marks a significant milestone in the adoption of Bitcoin and the Lightning Network in the region.
European Launch
European Bitcoin enthusiasts have eagerly awaited the app’s launch, and it is now available in the Google Play Store and Apple App Store in most European countries. Strike users can directly purchase Bitcoin with SEPA euro deposits, schedule recurring purchases, and sell their Bitcoin or transfer it to their self-custodial wallets.
Lightning Network Integration
Strike leverages the Lightning Network, a layer-2 solution built on top of the Bitcoin blockchain. This network enables fast and cost-effective micropayments. All Strike customers have a Lightning Address, which simplifies the process of receiving payments by using an email-like format.
Users can choose to receive payments in Bitcoin or euros. Additionally, they can send payments to other Strike accounts globally, with the value received as Bitcoin, euros, or U.S. dollars.
Cross-Border Payments
Strike’s global peer-to-peer transfers via Lightning allow European users to make instant, low-cost remittances to Africa, Brazil, the Philippines, Mexico, and Vietnam. This innovative feature leverages Bitcoin’s Lightning Network as a global payment rail.
Strike’s Rapid Expansion
Since its inception, Strike has rapidly expanded its reach globally, from Latin America to Africa. With its latest launch in Europe, the app is now available in over 70 countries around the world.
Executive Insights
“Bitcoin is reshaping the global financial landscape, and Europe presents vast opportunities for its adoption,” said Jack Mallers, founder and CEO of Strike. “We believe that Strike is uniquely positioned to meet the needs of millions seeking access to Bitcoin in Europe.”
Conclusion
Strike’s European launch marks a significant step towards making Bitcoin and cross-border payments more accessible. The app’s integration with the Lightning Network and innovative payment features provide European users with a convenient, fast, and cost-effective way to send and receive funds both within the region and globally.
Divya