In an exciting development for the world of cryptocurrency, the Bitcoin-focused payments app Strike is expanding its reach to over 65 countries. Led by visionary CEO Jack Mallers under Zap Solutions, Inc., Strike is set to bring financial empowerment to billions of people across Asia, Eastern Europe, Africa, the Caribbean, and Latin America. With its innovative use of Bitcoin and Lightning Network, Strike offers seamless cross-border transactions and a convenient, secure means of global money transfers.
Enhancing Financial Accessibility
Strike’s expansion marks a significant step toward its mission of serving the global population. According to the statement of Mallers during the announcement, their service is seen to expand its scope to around 3 billion people in the foreseeable future. Meanwhile, their end goal is to be able to extend the platform’s services to 7 to 8 billion people across every country in the world based on the interview of the company’s Vice President of Product Manuela Rios.
By utilizing Bitcoin and Lightning, the app provides users with fast, cost-effective, and borderless payment solutions. With a redesigned user interface, Strike ensures a user-friendly experience for individuals worldwide, removing barriers to entry and facilitating easy onboarding.
Seamless International Payments
The app’s primary strength lies in its ability to instantly send and receive money, enabling effortless payments among friends and family, bill-splitting, and the ability to send gifts worldwide. Whether the user is in Antigua and Barbuda, Vanuatu, Zambia, or any supported country, Strike empowers its customers to transact securely and efficiently.
Unlocking the Potential of Bitcoin
Strike not only facilitates traditional currency transfers but also enables users to hold funds in Bitcoin (BTC) and tether (USDT). This feature allows individuals to benefit from the potential growth of these digital assets.
With its platform, users can easily buy and sell Bitcoin, set up recurring purchases, withdraw Bitcoin to their preferred wallets, and enhance their Bitcoin holdings with ease.
Effortless Bitcoin Transactions
One of the standout features of the app is its seamless integration of Bitcoin transactions with traditional cash. Users can use the cash in their Strike account to pay any Bitcoin or Lightning invoice, simplifying the process and eliminating concerns regarding taxes and volatility. Furthermore, the app enables users to receive Bitcoin payments as cash in their accounts, providing flexibility and convenience.
Global Money Transfers
Strike’s lightning-fast and secure global money transfer service is set to revolutionize the remittance industry. Users can send cash directly to mobile money or bank accounts in supported countries, ensuring that more money reaches its intended destination without incurring hefty transaction fees. This feature brings financial freedom to those who rely on international money transfers, fostering economic growth and prosperity.
Embracing Bitcoin Paychecks
In a groundbreaking move, Strike allows users to convert a portion or the entirety of their paycheck into Bitcoin using their account and routing number. This functionality provides individuals with the flexibility to choose the percentage of their earnings allocated to Bitcoin, enabling them to participate in the cryptocurrency revolution and potentially benefit from its growth.
Final Thoughts
With its expansion to over 65 countries, Strike is poised to redefine the way people transact and transfer money globally. By harnessing the power of Bitcoin and Lightning, the app empowers individuals, irrespective of their geographical location, to enjoy fast, secure, and cost-effective financial transactions.
Strike’s commitment to financial inclusion is commendable, and its innovative features make it a pioneer in the realm of cryptocurrency-driven payment solutions.
Giancarlo is an economist by profession with a career spanning nearly two decades. His professional journey has seen him assume vital roles in various government and private organizations such as the Department of the Interior and Local Government (DILG), the National Economic and Development Authority (NEDA), Megaworld Corporation, and the China Banking Corporation in the Republic of the Philippines.
In addition to his civic and corporate pursuits, his forward-thinking approach has led him to manage several prominent websites in the banking and finance sector, notably the Australia-based RateChoice, where he immersed himself in the world of emerging financial technologies and where he found particular interest in Bitcoin all the way back to 2013.
Prior to his addition to Blockzeit’s dynamic team, he held an essential role as Project Manager for initiatives encompassing blockchain, stablecoin, mining, special economic zone development, and iGaming. This noteworthy chapter in his career unfolded under the auspices of InPlan Consultancy Services, Inc., the think-tank of IMPERO Consortium Management Corporation headquartered in Manila, Philippines, and Tokyo, Japan. InPlan, led by a distinguished retired Cabinet member of the Philippines, collaborates directly with IMPERO’s core management team, contributing to strategic planning and business development endeavors.
