Bitcoin Payments App Strike Enters UK as Global Expansion Rolls Out

As a researcher with a background in fintech and cryptocurrencies, I’m excited about Strike’s expansion into the U.K. markets. Having closely followed the company’s progress since its launch in the U.S. in 2020, I’ve been impressed by its aggressive yet strategic growth.

In a blog post published on Tuesday, Strike, the digital payments platform built on the Bitcoin blockchain, announced the commencement of its services in the United Kingdom. This expansion marks an extension of the company’s global presence, having recently launched in Europe and Africa only a few months prior.

The payments company has been rapidly expanding its reach and now serves over 100 nations and territories worldwide. Strike made its debut in Europe in April and in Africa earlier this year. In contrast to some other crypto businesses that have scaled back in the U.K., Strike announced plans to strengthen its presence there and boost its efforts to promote bitcoin usage on a global scale.

“Boasting a population of 67 million people, the U.K. ranks as the second largest economy in Europe and the sixth largest worldwide. This economically powerful nation offers substantial prospects for the acceptance and use of bitcoin.”

From its European headquarters, the firm Engelbert, which is registered with the Financial Conduct Authority, will provide services to clients situated in different countries, ensuring adherence to regulatory guidelines concerning crypto marketing.

Zap Solutions, a Chicago-based tech company, created an app called Strike. This innovative tool enables users to transfer money across borders as easily as using Cash App or PayPal (PYPL). Launched in the United States in 2020, Strike distinguishes itself through its utilization of Bitcoin’s Lightning Network for transactions, resulting in faster and more cost-effective transfers.