Strike, a popular payment app that leverages the Bitcoin blockchain, announced its launch in the UK today. This expansion comes just months after Strike entered new markets in Europe and Africa.
UK residents can now buy, sell, and withdraw funds using the Strike app. They can also send and receive payments in both Bitcoin (BTC) and British pounds. Strike has been aggressively growing its global presence and now operates in over 100 countries and territories.
The company’s launch in the UK comes at a time when some cryptocurrency companies are scaling back their operations there. However, Strike remains committed to fostering Bitcoin adoption worldwide. “The UK, with its sizable population and robust economy, presents exciting opportunities for Bitcoin growth,” a Strike spokesperson said.
Strike will serve UK customers from its European base and will ensure compliance with all regulatory requirements through its partnership with the Financial Conduct Authority-registered firm Engelbert.
Launched in the US in 2020, Strike allows users to send and receive money internationally, similar to popular apps like Cash App or PayPal. The app utilizes Bitcoin’s Lightning Network for transactions, facilitating faster and cheaper payments.
