This innovative platform is revolutionizing the way money is sent overseas.
For example, It enables users to transfer funds from any European bank to a Costa Rican bank. This is in seconds with minimal fees.
Instant Transfers from Europe to The World
This expansion enables the purchase of Bitcoin and free on-chain withdrawals. It also allows for the creation of a fully-featured Lightning wallet. It also introduces other advanced functionalities.
Strike leverages Bitcoin’s Lightning Network to provide a fast, secure, and affordable alternative to traditional banking and remittance services. The Lightning Network is a “layer 2” payment protocol layered on top of a blockchain-based cryptocurrency like Bitcoin.
Announcing Strike Europe 🇪🇺
Today, we're launching Strike Europe, expanding our full suite of products to all eligible European customers
Buy #bitcoin, free on-chain withdrawals, a full-featured Lightning wallet and more. Get the best of #Bitcoin with @Strike
When EU?!? Now 🫡 pic.twitter.com/mR9mFRzeZk
— Jack Mallers (@jackmallers) April 24, 2024
With Strike’s entry into the EU, European residents can now benefit from this next-generation financial technology. One of the standout features of the service is its capacity to facilitate instant cross-border payments. For example, a user in France can quickly send euros from their bank to someone in Costa Rica, converting it to colón in seconds. This marks a major advancement over traditional bank transfers, which can take days and often come with high fees.
More About Strike
The ability to purchase Bitcoin easily is another key feature introduced by Strike in the EU. This not only makes it straightforward for users to invest in Bitcoin but also positions Strike as a pivotal player in the burgeoning field of cryptocurrency services within the region. Furthermore, the provision of free on-chain withdrawals is an attractive feature for crypto enthusiasts who wish to move their digital assets without incurring additional costs.
Welcome to Strike, Europe! 🇪🇺
To celebrate, we've enabled 0.5% fees for everyone from now until 2:45PM EDT 🥳
Check your app and get to stacking sats! We're thrilled to serve you and build a better future with #bitcoin together 🫂🫡 https://t.co/HSNcH2lpxg pic.twitter.com/Ghx454tekn
— Strike (@Strike) April 24, 2024
Strike’s expansion also includes the opportunity for users to develop a full-featured Lightning wallet. This wallet leverages the speed and efficiency of the Lightning Network, facilitating microtransactions and regular day-to-day purchases with Bitcoin.
Such a tool is instrumental for users who wish to use Bitcoin for small, everyday transactions, reducing the dependency on traditional financial systems and fostering a more inclusive digital economy.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
