Strike, a popular Bitcoin and Lightning Network payment application, has officially launched in the United Kingdom, marking its expansion into another European country. This development allows eligible individuals and businesses in the UK to engage in various transactions, including buying, selling, sending, withdrawing, and making global payments using the app.
Jack Mallers, the founder and CEO of Strike, highlighted the potential of the UK market, citing its sizable population of 67 million and its status as the sixth-largest global economy as significant opportunities for Bitcoin adoption. The UK now joins a list of 100 countries and territories where the Strike app is available, including the US, Latin America, and Africa, following its European expansion in April.
Mallers emphasized the company’s commitment to global Bitcoin adoption and financial innovation, stating that while some Bitcoin companies are pulling out of the UK, Strike is expanding its presence in compliance with local regulations for Bitcoin and crypto companies. The app, available on iOS and Android, will enable users in the UK to purchase Bitcoin directly with free unlimited GBP deposits from their bank accounts, with additional features such as automatic conversion and scheduled recurring purchases.
Moreover, users will have the ability to sell Bitcoin, withdraw funds to their bank accounts, transfer to their own custodial wallets, and make unlimited instant payments via Bitcoin or the Lightning Network. It is important to note that this information is not investment advice.
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