- Strike’s expansion into Europe signifies a strategic move to tap into one of the world’s largest economies and a market with significant potential for Bitcoin adoption.
- By offering a seamless platform for buying, selling, and transferring Bitcoin, along with Lightning Network-enabled services for fast and low-cost transactions, Strike aims to make cryptocurrency more accessible to millions of Europeans.
Strike, the widely anticipated Bitcoin and Lightning Network payments application, has officially launched its services in Europe, granting eligible individuals and businesses across the continent access to a range of features including buying, selling, and sending Bitcoin, as well as making local currency payments.
For European Bitcoin enthusiasts eagerly awaiting Strike’s arrival, the company’s CEO, Jack Mallers, responded with a resounding “Now!” to their queries. While the announcement came today, some European users had already spotted the app on their respective app stores ahead of the official reveal.
The custodial app, available on both iOS and Android platforms, enables European users to seamlessly purchase Bitcoin directly using free unlimited SEPA euro deposits from their bank accounts, with instant support where available. Users can also schedule recurring purchases, facilitating a convenient investment strategy.
Additionally, Strike allows for the sale of Bitcoin and offers flexible withdrawal options, including bank transfers and self-custodial wallet transfers, as well as payments over the Bitcoin or Lightning Network without limitations.
Leveraging the Lightning Network, Strike facilitates fast and cost-effective micropayments through its network of bi-directional payment channels built on top of the Bitcoin blockchain. With Lightning Addresses in the format of username@strike.me, users can easily receive payments, choosing between Bitcoin or euros, with automatic conversion for the latter.
European users can also benefit from Strike’s global peer-to-peer transfers via Lightning, enabling instant transfers from their euro balance to friends’ Strike accounts worldwide, with the value received in various currencies including euros, U.S. dollars, or USDT depending on the region.
Moreover, Strike’s “Send Globally” feature empowers European users to conduct fast and low-cost local currency remittances to supported regions across Africa, South America, and Southeast Asia using Bitcoin’s Lightning Network as a global payment rail.
Having rapidly expanded its services from Latin America to Africa, Strike now operates in over 70 countries worldwide. Jack Mallers emphasized the transformative potential of Bitcoin, highlighting its role in reshaping the global financial landscape, enhancing financial inclusion, and addressing critical societal challenges. With Europe’s significant economic footprint and population, Strike aims to capitalize on the region’s vast opportunities for Bitcoin adoption, positioning itself as a leading Bitcoin-only application tailored to the needs of millions seeking access to cryptocurrency.
Expanding Bitcoin Access in Europe with Strike’s Lightning Network Services
Strike’s long-awaited launch in Europe marks a significant milestone in the region’s adoption of Bitcoin and Lightning Network technology. With its array of features designed to simplify Bitcoin transactions and foster financial inclusion, Strike is poised to play a pivotal role in driving cryptocurrency adoption across Europe and beyond.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
