• Strike, a Bitcoin payments company and remittance app, announced its international expansion which now allows wallet users in India, South Korea, Sri Lanka, and other countries to remit payments to one another in both USD and BTC.
• The global south has been the primary target of this expansion effort as they are in need of better payment tools and technology.
• Strike leverages the Bitcoin lightning network to enable fast and immediate Bitcoin and dollar-based remittances worldwide.
Strike’s International Expansion
Bitcoin Wallet Strike recently announced an international expansion that will allow wallet users in India, South Korea, Sri Lanka, and other countries to remit payments to one another in both USD and BTC. This expansion effort is primarily targeted towards those that needed better payment tools and technology the most – the Global South. At present, 47 countries have been supported by Strike including Bhutan, Brazil, Ecuador, Guatemala, Honduras, Kenya, New Zealand, Paraguay , Uganda among many others.
Enabling Fast & Immediate Remittances Worldwide
To enable fast and immediate Bitcoin and dollar-based remittances worldwide from within these countries ,Strike leverages the Bitcoin lightning network. This layer 2 network bypasses the fees of Bitcoin’s base chain which can rise to levels that make small transactions infeasible when placed under stress.
Targeting Global South
Speaking at Bitcoin 2023 in Miami ,Strike CEO Jack Mallers explained that his company’s expansion efforts were primarily targeted toward those that needed better payment tools and technology the most – The Global South . He said “It’s a lot of the global south .The global south has a lot to do with Bitcoin – they have a lot to say for where the world is going „.
Now Accessible To Over 3 Billion People
With this international expansion ,Strike is now available for download for over 3 billion people worldwide giving them access to improved payment tools & technology as well as enabling fast & immediate bitcoin & dollar-based remittances worldwide using bitcoin lightning network .
By targeting its efforts towards Global South ,Strike has given access more than 3 billion people access to improved payment tools & technologies with their international expansion . They have also enabled fast & immediate bitcoin & dollar based remittances using bitcoin lightning network across several countries globally making it easier than ever before for people around world to send & receive money quickly with low fees .