Strike Expands Bitcoin Payments To 3 Billion People In Over 65 Countries

Key Points:

• Strike has announced that it is now accessible for download to over 3 billion people globally, with dozens of additional nations added.
• The company’s CEO, Jack Mallers, made the news on Friday at the Bitcoin 2023 conference in Miami Beach, Florida.
• Mallers said that the decision to shift its headquarters to El Salvador was made in reaction to rising anti-crypto regulatory attitudes in the United States.

Strike, a Bitcoin payment company founded in Chicago, has extended its services to 65 countries while also shifting its worldwide headquarters to El Salvador.

Wallet users in India, South Korea, Sri Lanka, and other countries will be able to send payments to one another in both USD and BTC as a result of the worldwide expansion.

Bhutan, Brazil, Ecuador, Guatemala, Honduras, Kenya, New Zealand, Paraguay, and Uganda were among the 47 supported nations mentioned during Mallers’ presentation, in addition to previously announced additions such as Argentina, Nigeria, Kenya, and Ghana. Formerly, the mobile app was only available in the United States, El Salvador, and Argentina.

The growth effort, according to Jack Mallers, CEO and founder of Zap, Strike’s parent company, intends to confront the clouded world of crypto exchanges and secret, unregistered licensing regimes and 1,000 distinct currencies. Mallers said to Fortune the decision to shift its offices to El Salvador was made in reaction to rising anti-crypto regulatory attitudes in the United States.

On the one hand, rules preclude Strike from operating in New York. El Salvador, on the other hand, enacted crypto-inclusive rules in order to promote technology innovation in the area.

At a time when the US crypto sector is facing legal uncertainty, and the Securities and Exchange Commission is prosecuting businesses for issuing unregistered securities, Mallers says Strike’s Bitcoin-first strategy is validated.

Mallers highlighted at Bitcoin 2023 in Miami that the company’s growth efforts were largely aimed at individuals who required improved payment methods and technology the most.

“It’s a lot of the global south. The global south has a lot to do with Bitcoin – they have a lot to say for where the world is going.”

According to the corporation, the expansion will extend its entire addressable market to over 3 billion people.

The Strike app offers worldwide payment and cross-border money transfer services using Bitcoin and Lightning, a secondary network enabling cheaper and quicker Bitcoin transactions. The program now has a fresh new user experience and allows users to save money in Bitcoin (BTC) and Tether (USDT).

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Harold

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