Strike Expands Bitcoin Support to European Customers amid Rising Demand and Prices
Strike, a Bitcoin-only app, has made a significant move by expanding its support to European customers in response to the growing demand for cryptocurrency in the region. The CEO of Strike, Jack Mallers, announced on April 24 that European users can now buy, sell, and send Bitcoin across the continent.
One of the key features of this expansion is the ability for eligible European customers to purchase Bitcoin using uncapped Single Euro Payments Area (SEPA) deposits. This means users can buy BTC via bank accounts in 36 countries, including all European Union member states, four countries in the European Free Trade Association, and the United Kingdom.
In addition to buying Bitcoin, Strike users can also withdraw their funds into self-custody or through the Lightning network to any supported wallet. The app will also enable peer-to-peer transfers, allowing customers to make cross-border payments in Bitcoin, euros within Europe, U.S. dollars in America, or Tether’s USDT in supported regions.
Jack Mallers, the CEO of Strike, expressed his excitement about the expansion into Europe and hinted at further developments to come. He 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.”
This move into the European market comes at a time when interest in Bitcoin and cryptocurrency services is on the rise in the region. Europe has shown a strong interest in BTC technological upgrades and has a significant presence in the crypto-banking sector, with over 60 banks offering digital asset services.
Strike’s expansion into Europe is just the latest in a series of moves by the company to increase its global reach. Last year, Strike relocated its headquarters to El Salvador to tap into the Latin American market. The platform also operates in the U.S. and across Africa, serving customers in over 100 countries worldwide.
Jack Mallers, a staunch Bitcoin advocate, has publicly stated his belief that Bitcoin will reach $1 million due to its fundamental design and global hyperinflation. He has even gone as far as to declare that he no longer holds any US dollars, showing his unwavering commitment to the cryptocurrency. With Strike’s continued expansion and Mallers’ bold predictions, the future of Bitcoin adoption in Europe looks promising.
