Business
Strike Expands Operations to the U.K.
Exciting news as Strike, a leading company, announces its expansion to the U.K., bringing innovative services and opportunities to the region. Learn more about their operations and impact in this new market.
Strike, the innovative payments application leveraging the Bitcoin blockchain, has officially commenced operations in the United Kingdom, marking a significant milestone in its global expansion strategy. The company shared the exciting news in a recent blog post, highlighting its continuous efforts to broaden its reach across different regions.
Customers located in the U.K. now have access to a wide range of features on the Strike app, including the ability to buy, sell, and withdraw funds seamlessly. This includes the convenience of transacting in both Bitcoin (BTC) and the British pound sterling, providing users with versatile options for managing their finances.
Having rapidly expanded its presence, Strike currently operates in over 100 countries and territories worldwide. The company initially launched its services in Europe back in April, following an earlier introduction in Africa. Despite the challenges faced by some cryptocurrency firms in the U.K., Strike remains steadfast in its commitment to driving Bitcoin adoption on a global scale.
Highlighting the strategic importance of the U.K. market, Strike emphasized the country’s significant economic standing, being the second-largest economy in Europe and the sixth-largest globally. This positioning presents immense opportunities for fostering the adoption of Bitcoin and decentralized finance solutions.
Operating on a cross-border basis from its European headquarters, Strike ensures compliance with regulatory standards through its partnership with Engelbert, a firm registered with the Financial Conduct Authority. This collaboration underscores Strike’s dedication to upholding regulatory requirements, particularly concerning cryptocurrency-related activities and promotions.
Developed by the Chicago-based startup Zap Solutions, Strike offers users a platform to send and receive funds effortlessly across international borders, akin to popular services like Cash App and PayPal. Launched in the U.S. in 2020, the app leverages the innovative Bitcoin Lightning Network for transactions, enabling faster and more cost-effective transfers for its users.