Bitcoin, the world’s most popular cryptocurrency, has been gaining traction in Europe in recent years. One of the key drivers of this acceleration in adoption is the expansion of Strike, a payment app that allows users to send and receive Bitcoin instantly and for free.
Strike was founded in the United States in 2018 by Jack Mallers, and it has quickly become a game-changer in the world of digital payments. The app uses the Lightning Network, a second-layer protocol that enables faster and cheaper Bitcoin transactions, to facilitate instant transfers between users. This technology has made it easier for people to use Bitcoin for everyday transactions, such as buying goods and services or sending money to friends and family.
In 2021, Strike announced its expansion into Europe, starting with the United Kingdom and Ireland. This move has been met with enthusiasm from both consumers and businesses in the region, as it offers a convenient and cost-effective way to use Bitcoin for payments. With Strike, users can convert their Bitcoin into local currency instantly, making it easier to spend their digital assets in everyday life.
The expansion of Strike in Europe has also been welcomed by merchants who are looking to accept Bitcoin as a form of payment. By using the app, businesses can avoid the high fees associated with traditional payment processors and receive payments directly in Bitcoin, which can then be converted into fiat currency if desired. This has the potential to attract a new customer base of tech-savvy individuals who prefer to use Bitcoin for their transactions.
Furthermore, the expansion of Strike in Europe is helping to bridge the gap between traditional finance and the world of cryptocurrencies. By offering a user-friendly platform for sending and receiving Bitcoin, Strike is making it easier for people to access and use digital assets in their daily lives. This could lead to greater adoption of Bitcoin and other cryptocurrencies in the region, as more people become comfortable with using them for payments.
Overall, the acceleration of Bitcoin adoption in Europe through Strike’s expansion is a positive development for the cryptocurrency industry. By providing a seamless and efficient way to use Bitcoin for payments, Strike is helping to bring digital currencies into the mainstream and revolutionize the way we think about money. As more people in Europe embrace Bitcoin as a form of payment, we can expect to see further growth and innovation in the cryptocurrency space.