Strike, a Bitcoin-exclusive app, has extended its services to European customers in response to increasing regional demand and the soaring prices of cryptocurrencies.
On April 24, Strike CEO Jack Mallers unveiled plans to promote Bitcoin (BTC) adoption across Europe by enabling users to purchase, sell, and transfer the leading cryptocurrency token throughout the continent.
In an official announcement, it was revealed that eligible European customers could now acquire BTC using uncapped Single Euro Payments Area (SEPA) deposits via bank accounts. The SEPA encompasses 36 countries, including all European Union member states, four European Free Trade Association nations, and the United Kingdom.
Mallers elaborated that Strike users have the option to withdraw Bitcoin either into self-custody or through the Lightning network to any compatible wallet.
Moreover, the BTC-centric app will facilitate peer-to-peer transfers, permitting customers to conduct cross-border payments denominated in Bitcoin, euros within Europe, U.S. dollars in America, or Tether’s USDT in supported regions.
“Today marks another milestone in our global journey, but our work is far from over. We will continue to enter new markets, support more currencies, add payment methods, expand our services, and iterate on the experience,” stated Jack Mallers, Strike CEO.
Strike’s Bitcoin Expansion Endeavor
Strike’s expansion into European markets aligns with the burgeoning interest in BTC and crypto-related services among the region’s populace. Earlier this month, crypto.news reported that Europe leads in Google searches for BTC technological advancements and dominates the crypto-banking sector, boasting over 60 banks offering digital asset services.
However, Europe represents just the latest destination for Strike. Last year, the company relocated its global headquarters to El Salvador, aiming to tap into the Latin American market. The BTC platform also operates in the United States and across Africa, servicing over 100 countries worldwide.
Mallers, a prominent BTC maximalist, has expressed confidence in the cryptocurrency, predicting that it will reach $1 million due to its fundamental design and global hyperinflation. The founder has substantiated his conviction by converting entirely to BTC, purportedly holding zero USD.
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