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Strike's Expansion into Europe Accelerates Bitcoin Adoption

Finance Magnates

Cryptocoins News / Finance Magnates 57 Views

Strike, a payments application utilizing the Bitcoin blockchain, has launched its services in Europe, enabling customers in the region to engage in buying, selling, and withdrawing bitcoin (BTC). The announcement was made today (Wednesday).

Expanding Operations across Continents

Having recently expanded its operations to Africa, Strike has already established its presence in Asia, the Caribbean, and Latin America. However, availability may vary by country, and interested customers are encouraged to check their local iOS or Android app stores for accessibility, as some regions may be 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.”

Blockchain technology is reshaping global payments with its security and efficiency. Unlike traditional methods prone to fraud, blockchain's decentralized ledger ensures secure transactions. Advanced cryptographic techniques like digital signatures bolster security further.

Eliminating intermediaries, blockchain enables direct peer-to-peer transactions, expediting settlements and reducing costs. Cross-border payments, often costly and time-consuming, stand to benefit greatly from blockchain's streamlined approach. With its potential to simplify and secure transactions, blockchain emerges as a disruptive force in the global payment landscape.

Introducing Bitcoin-Powered Payment Solution for European Market

Developed by Chicago-based Zap Solutions under the leadership of entrepreneur Jack Mallers, Strike was initially introduced in the United States in 2020. Similar to widely used online payment platforms such as Cash App or PayPal, Strike facilitates global money transfers for its users. Notably, Strike distinguishes itself by leveraging the Bitcoin blockchain, which enables swifter and more cost-effective transactions compared to conventional alternatives.

In Europe, customers will have the convenience of conducting BTC transactions directly with euro deposits via SEPA, the region’s payments provider. Recipients of these funds will have the flexibility to opt for receiving the value in either bitcoin, euro, or, in select areas, Tether’s USDT stablecoin.

This article was written by Tareq Sikder at www.financemagnates.com.
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