Strike – a Bitcoin payment and remittance app company – announced on Friday that it is now available for download to more than 3 billion people worldwide, including many new countries.
The international expansion will allow wallet users in India, South Korea, Sri Lanka, and other countries to send payments to each other in USD and BTC.
Focused on the Global South
Speaking at Bitcoin 2023 in Miami, Strike CEO Jack Mallers MEAN that the company’s expansion efforts are primarily focused on those who need better payment tools and technology.
“It’s a lot of the global south,” Mallers said. “The global south has a lot to do with Bitcoin – they have a lot to say about where the world is going.”
An incomplete list of the 47 supported countries presented in Mallers’ presentation included Bhutan, Brazil, Ecuador, Guatemala, Honduras, Kenya, New Zealand, Paraguay, and Uganda, along with previously announced expansions such as on ArgentinaNigeria, Kenya, and Ghana
Within those countries, Strike uses the Bitcoin lightning network to enable fast and immediate Bitcoin and dollar remittances around the world. Lightning is a layer 2 network that bypasses Bitcoin’s base chain fees, which is possible RISE to levels that make small transactions impossible when placed under stress.
Global outreach for Strike has been a two-and-a-half-year effort, which has in part involved working with regulators at El Salvador’s Bitcoin Office to create a licensing structure for Bitcoin companies to operate legally. The country was the first outside the United States to support the Strike, and is now home to the headquarters of Mallers’ company E4.
Maller emphasized the importance of giving the global south access to a “money app,” instead of an existing “exchange” like Binance, FTX, or Coinbase, which encourages “speculative gambling.”
“We want to compete with Binance,” Mallers said. “We know that the 3 billion people we serve – they got their first experience and their first Bitcoin from FTX, from Binance, from many exchanges that are not fully verified that is reliable.”
Strike also now supports Lightning Address, which allows users to set up an email-like identifier for sending them Bitcoin in lightning, instead of using a QR code.
Strike’s Previous Announcements
Bitcoin conference announcements have become a tradition for Mallers: In June 2021, he announced that El Salvador would make Bitcoin legal tender, which was an international first at the time.
In 2022, Mallers revealed at the same conference that his company has partnered with Shopify, as well as NCR – the largest provider of point-of-sale payments in the United States. Ideally, it will allow users of the Bitcoin lightning network to pay with Bitcoin at popular stores such as Walmart, McDonalds, Home Depot, and more.
Although the unexpected obstacles seriously delayed the full launch of the plans, the company united with POS giant Clover in January.
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% discount on Binance Futures fees first month (terms).
PrimeXBT Special Offer: Use this link to register and enter the code CRYPTOPOTATO50 to receive $7,000 on your deposits.