After announcing its inroad into Europe just a few months ago, Bitcoin payments company Strike has published a blog post on its foray into the UK.
Bitcoin payments firm Strike had expanded to Europe just a few months back in April 2024. Its CEO and founder Jack Mallers had announced it in a blog post at the time. Days ago, he published another post announcing their expansion to the UK. With the move, UK residents will be able to make Bitcoin payments through the Strike app.
The app includes features such as on-chain withdrawals, global payments, and selling and buying Bitcoin. Currently, the firm operates in a hundred countries worldwide, including in Africa, Latin America, the US, and Europe.
Mallers shared his story on why he founded the crypto payments firm. He wrote, “Bitcoin is hope for a brighter future. Its technological innovation solves some of the biggest economic problems we all face today, from global debt, inflation, and currency debasement, to financial inequality.”
He added that the UK’s population of 67 million and its large economy provided an impetus to them for their expansion. The next few sections of the blog post delved into the firm’s various features and functionalities.
The UK is in the midst of gradual crypto adoption, with several ongoing blockchain projects. The most prominent one among them is the digital pound project. Other current initiatives include those that focus on crypto regulation.
Meanwhile, crypto payments have been trending in financial services in recent years. Global companies like PayPal and Stripe have ventured into crypto with various projects and products. All these developments could lead to higher crypto adoption globally.
Strike’s vision, shared in the official post, also resonates with similar views of crypto’s benefits.
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