Strike, the Bitcoin payments app, has announced its expansion the United Kingdom, marking another milestone in its global growth. Customers in the UK can now use the Strike app to buy, sell, and withdraw funds in both Bitcoin and sterling, providing a convenient and versatile payment experience. With a presence in over 100 countries, Strike been actively expanding its reach, having established itself in Europe and Africa. Despite some cryptocurrency companies back their operations in the UK Strike is committed to promoting global adoption and expanding its presence. The, with its population of million and status as the sixth economy globally, presents significant opportunities Bitcoin adoption. To ensure compliance with requirements, Strike will serve its clients on a cross-border basis from its European base and has partnered with Engelbert, Financial Conduct Authority-registered firm. Developed by Zap Solutions, Strike offers users a global money transfer solution similar to Cash App or PayPal, leveraging Bitcoin’s Lightning Network for faster and more cost-effective transactions. In April, Stripe, a Fintech giant, announced its decision to once again accept cryptocurrency payments after a six-year break. Other payment companies, such as Triple-A in Singapore, have also adopted stablecoins as a means of payment. Triple-A plans to integrate PayPal’s stablecoin, PYUSD, into its list of supported tokens for customer payments.
