Key Points
- Bitcoin-only app, Strike, expands to European customers due to high demand and increasing cryptocurrency prices.
- Strike users can now buy, sell, and send Bitcoin across Europe, make P2P transfers, and withdraw Bitcoin into self-custody or via the Lightning network.
Bitcoin-focused app, Strike, has extended its services to Europe.
This expansion is in response to the significant demand in the region and the rising prices of cryptocurrency.
Strike’s European Expansion
On April 24, Jack Mallers, the CEO of Strike, announced plans to facilitate Bitcoin adoption in Europe.
This would be achieved by enabling users to buy, sell, and send Bitcoin throughout Europe.
According to an official announcement, eligible European customers can now purchase Bitcoin via bank accounts using uncapped Single Euro Payments Area (SEPA) deposits.
SEPA currently covers 36 countries, including all European Union member states, four countries in the European Free Trade Association, and the United Kingdom.
Mallers further detailed that Strike users can withdraw Bitcoin into self-custody or through the Lightning network to any supported wallet.
Additional Services and Future Plans
In addition, the Bitcoin-centric app will facilitate P2P transfers.
This feature allows customers to participate in cross-border payments denominated in Bitcoin, euros within Europe, U.S. dollars in America, or Tether’s USDT in supported regions.
Mallers stated, “Today marks another milestone in our global journey, but our work is far from over. We will continue to enter new markets, support more currencies, add payment methods, expand our services, and iterate on the experience.”
Strike’s expansion into European markets aligns with the increased interest in Bitcoin and crypto-related services from the region’s population.
Europe leads in Google searches about Bitcoin technological upgrades and dominates the crypto-banking sector with over 60 banks offering digital asset services.
However, Europe is just the latest market for Strike.
The company moved its global headquarters to El Salvador last year, aiming to penetrate the Latin American market.
The Bitcoin platform also operates in the U.S. and across Africa, serving more than 100 countries worldwide.
Mallers, a vocal Bitcoin advocate, has predicted that the cryptocurrency will reach $1 million due to its fundamental design and global hyperinflation.
He has backed up his belief by investing heavily in Bitcoin, reportedly holding no USD.
