Blockchain
Bitcoin (BTC) payments app strike continues global expansion with UK launch
Strike, the payment application that uses the Bitcoin blockchain, has launched a service in the United Kingdom, the company said in a blog post on Tuesday, expanding its global reach just months after launching in Europe and Africa.
Customers in the UK can now buy, sell and withdraw funds using the Strike app, the company said. Users can send and receive bitcoins (BTC) or pound.
The payments company has expanded aggressively and now operates in more than 100 countries and territories worldwide. Strike launched in Europe in April and In Africa at the beginning of the year. While some cryptocurrency companies have pulled out of the UK, Strike said it is expanding its presence and doubling down on its commitment to further bitcoin adoption globally.
“With a population of 67 million, the UK is the second largest economy in Europe and the sixth largest globally and presents significant opportunities for Bitcoin adoption,” the company said.
The company will serve cross-border customers from its European base. The company registered with the Financial Conduct Authority Engelbert will ensure that it complies with regulatory requirements relating to crypto promotions.
Strike was developed by Chicago-based startup Zap Solutions, allowing customers to send and receive money around the world, just like Cash App or PayPal (PYPL). The app, which launched in the United States in 2020, uses The Bitcoin Lightning Network for payments, which makes transfers faster and cheaper.
UPDATE (June 25, 11:52 UTC): Change the first paragraph to say UK service rather than UK operation.