Strike’s UK Expansion: Could This Be Bitcoin’s Next Big Break?

Strike, the innovative payments app leveraging the Bitcoin blockchain, has launched its services in the U.K., the company announced in a blog post on Tuesday. This move comes as part of Strike’s ambitious global expansion, following its recent rollouts in Europe and Africa.

Now, customers in the U.K. can use the Strike app to buy, sell, and withdraw funds. The app supports transactions in both Bitcoin (BTC) and British pounds (sterling), offering users the ability to send and receive payments seamlessly.

Strike has been on an aggressive expansion spree, now operating in over 100 countries and territories worldwide. After launching in Europe in April and in Africa earlier this year, Strike is bucking the trend of some crypto companies retreating from the U.K. Instead, it is strengthening its presence and reinforcing its commitment to global Bitcoin adoption.

“With a population of 67 million, the U.K. is the second-largest economy in Europe and the sixth-largest globally, presenting significant opportunities for Bitcoin adoption,” the company stated.

Operating cross-border from its European base, Strike ensures compliance with regulatory requirements through the Financial Conduct Authority-registered firm Engelbert, which oversees crypto promotions.

Developed by the Chicago-based startup Zap Solutions, Strike enables customers to send and receive money globally, much like Cash App or PayPal (PYPL). The app, which debuted in the U.S. in 2020, utilizes Bitcoin’s Lightning Network for payments, making transfers faster and more cost-effective.