7 months ago
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While Strike has already expanded its services to 100 countries worldwide, the company remains committed to exploring new markets and supporting additional currencies in the future.
Strike, a prominent US-based crypto payments company, has finally launched its much-anticipated services in Europe. According to an announcement on Wednesday, the services are restricted from certain countries in Europe for now. Nevertheless, users in eligible nations can now buy, sell, deposit, and withdraw funds through the platform.
Strike Enters Selected European Nations
The company has made it easy for customers to check the app’s availability in their region by visiting the iOS and Android app stores.
Eligible users can directly acquire Bitcoin (BTC) using euro deposits through SEPA, a European payment provider established by the EU to facilitate euro transfers across the region.
Strike said that recipients will have the option to receive the value of the asset in either BTC euro or, in select regions, Tether’s stablecoin USDT.
As a crypto-payment app built on the Bitcoin blockchain, Strike allows users to acquire the leading crypto in the industry at relatively cheap fees.
Since its inception in the US in 2020, the company has expanded its services to Africa and now Europe, catering to a diverse range of customers beyond the American market.
Strike sees Europe as a region with significant potential for Bitcoin adoption.
“As the third-largest economy globally and over 440 million inhabitants, Europe presents vast opportunities for Bitcoin adoption. As a leading Bitcoin-only app, we believe that Strike is uniquely positioned to meet the needs of millions seeking access to Bitcoin in Europe,” the company said.
Comprehensive Product Offerings for European Customers
Strike said it is bringing all its product offerings to the European market, meaning users are not limited to crypto payments alone.
Eligible users will also have access to the company’s Bitcoin and Lightning wallets, the ability to schedule recurring purchases, and the option to send money globally to supported nations in Africa, such as Nigeria, Ghana, and Benin.
Users can also send money to other regions like the Philippines, Mexico, and Vietnam. Additionally, they will benefit from services such as peer-to-peer (P2P) trading and free on-chain withdrawals.
Strike said the European app will also accept applications from businesses to provide all their crypto needs. Both individual and corporate customers will receive the same services.
The US-based payment app plans to make its Strike API accessible to customers in eligible countries looking to automate their transactions on the app.
Future Plans
While Strike has already expanded its services to 100 countries worldwide, the company remains committed to exploring new markets and supporting additional currencies in the future.
“We will continue to enter new markets, support more currencies, add payment methods, expand our services, and iterate on the experience,” Strike said.
The company’s dedication to innovation and growth suggests that its global footprint and service offerings will continue to evolve to meet the changing needs of its users.
