Bitcoin
Bitcoin (BTC) payments app strike continues global expansion with UK launch
Strike, the payments app that uses the Bitcoin blockchain, has launched a service in the United Kingdom, the company said in a blog post on Tuesday, expanding its global reach just months after launching in Europe and Africa.
Customers in the UK can now buy, sell and withdraw funds using the Strike app, the company said. Users can send and receive bitcoin (BTC) or pound sterling.
The payments company has been expanding aggressively and now operates in more than 100 countries and territories around the world. Strike launched in Europe in April and in Africa at the beginning of the year. Although some crypto companies have withdrawn from the UK, Strike said it was expanding its presence and doubling down on its commitment to greater bitcoin adoption across the world.
“With a population of 67 million, the UK is the second largest economy in Europe and the sixth largest in the world and presents significant opportunities for bitcoin adoption,” the company said.
The company will serve cross-border customers from its European base. The company registered by the Financial Conduct Authority Engelberto will ensure that it complies with regulatory requirements regarding crypto promotions.
Beat was developed by Chicago-based startup Zap Solutions, allowing customers to send and receive money around the world, like Cash App or PayPal (PYPL). The app, launched in the US in 2020, uses Bitcoin Lightning Network for payments, which makes transfers faster and cheaper.
UPDATE (June 25, 11:52 am UTC): Changes first paragraph to say UK service rather than UK operation.