Strike, a Bitcoin-focused app, expands its operations into Europe.
Strike, the Bitcoin-exclusive app, has responded to the high demand and increasing cryptocurrency prices in Europe by expanding its support to European customers. Jack Mallers, the CEO of Strike, recently announced plans to promote Bitcoin adoption in Europe by allowing users to buy, sell, and send the leading cryptocurrency token across the continent. According to an official announcement, eligible European customers can purchase Bitcoin through bank accounts using uncapped Single Euro Payments Area (SEPA) deposits. SEPA currently includes 36 countries, including all European Union member states, four countries in the European Free Trade Association, and the United Kingdom. Mallers also mentioned that Strike users have the option of withdrawing Bitcoin into self-custody or through the Lightning network to any supported wallet. Additionally, the BTC-focused app will facilitate peer-to-peer transfers, enabling customers to engage in cross-border payments using Bitcoin, euros within Europe, U.S. dollars in America, or Tether’s USDT in supported regions.
Strike’s venture into the European market coincides with the increasing interest in Bitcoin and crypto-related services from the region’s population. As reported earlier this month, Europe leads in Google searches for BTC technological advancements and dominates the crypto-banking sector, with over 60 banks offering digital asset services. However, Europe is just the latest destination for Strike. Last year, the company relocated its global headquarters to El Salvador, with the aim of tapping into the Latin American market. The BTC platform also operates in the United States and various countries across Africa, serving over 100 countries worldwide.
Mallers, a prominent advocate of Bitcoin, has confidently predicted that the cryptocurrency will reach $1 million due to its inherent design and global hyperinflation. To reinforce his belief, the founder has gone all-in on BTC, supposedly holding no US dollars.
