Strike, the payments app built on the Bitcoin blockchain, has expanded its services to Europe. This comes after successful launches in Africa and Latin America. In 2022, Strike raised $80 million in funding to support its global expansion.
The platform offers customers in Europe access to crypto, including the ability to buy, sell, and withdraw Bitcoin (BTC). This expansion is significant as the crypto sector experiences renewed interest, with the recent debut of spot Bitcoin ETFs in the United States and the BTC price reaching new highs.
In Europe, Strike will compete with established players like eToro, Coinbase, and BitPanda. However, the platform sets itself apart by offering lower processing fees for BTC transactions and a successful pilot program for USD-EUR conversions.
Aside from Europe, Strike’s services are also available in Africa and Latin America. The company’s Series B funding round in 2022 raised $80 million to support its expansion efforts.
With Strike’s expansion into Europe, customers in the region now have access to a user-friendly and cost-effective platform for buying and selling Bitcoin. The platform’s success in other regions and its innovative services make it a strong competitor in the global crypto market.
