Bitcoin Payments App Strike Launches for European Customers

The firm has been on an expansion streak recently, launching in several countries globally, most recently in the African region.Strike, the payments application using the Bitcoin blockchain, has launched in Europe, allowing customers to buy, sell and withdraw bitcoinCustomers can check their local iOS or Android app store to see if the app is available in their country as some are excluded from the expansion.

“As the third-largest economy globally … Europe presents vast opportunities for bitcoin adoption,” Strike said in a press release. “We’ve seen the demand and heard the feedback first-hand from the community.” Strike, a product of Chicago-based Zap Solutions that is led by entrepreneur Jack Mallers, launched in the U.S. in 2020. The app can be compared to Cash App or PayPal, two popular online payment systems, in that it lets customers send and receive money around the world. The difference is that Strike uses the Bitcoin blockchain to do so, making transfers faster and cheaper than other alternatives.

European customers will be able to buy, sell and withdraw BTC directly with euro deposits through SEPA, the region’s payments provider. The recipient of the funds can then choose to receive the value in either bitcoin, euro or, in some regions, Tether’s USDT stablecoin.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin.

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