- Strike, a payments app focused on the Bitcoin blockchain, is now available in Europe.
- The platform recently expanded to Africa and its app is also accessible in Latin America.
- Strike raised $80 million in 2022 as it sought to expand its services globally.
Strike, the digital payments app built on Bitcoin’s Lightning Network, announced the expansion to the European market on April 24.Â
With this launch, Strike can now offer its customers in the region access to crypto, including the buying, selling and withdrawal of the world’s flagship cryptocurrency Bitcoin (BTC).
What does Strike’s expansion to Europe mean?
Strike’s launch in the European market comes as the crypto sector experiences renewed interest, particularly after the debut of spot Bitcoin ETFs in the United States. BTC price rallying to highs of $73k is fueling fresh demand amid the halving.
The expansion into Europe will see the Bitcoin-centric platform challenge for dominance in a market that has the likes of eToro, Coinbase and BitPanda.
Strike aims to allow users a chance to buy and sell Bitcoin at much lower processing fees than what rivals such as Coinbase currently offer. The platform’s successful pilot with USD-EUR conversions adds to the appeal, which is what traditional money transfer providers like Wise lack.
As well as Europe and the United States, Strike’s services are available in Africa and Latin America.
The company raised $80 million in a Series B funding round announced in September 2022.