Strike Launches Bitcoin Services in the UK
Financial technology company Strike has announced the expansion of its bitcoin and Lightning Network-based services to the United Kingdom. This move marks a big step in the company's global expansion, bringing its total reach to 100 countries and territories worldwide.
Strike's UK launch introduces a range of services tailored to the local market, including:
Bitcoin purchasing with free, instant, and unlimited deposits from UK bank accounts
Bitcoin selling and withdrawal capabilities
Global payment features utilizing the Lightning Network
Various Bitcoin and Lightning wallet functionalities
To comply with UK regulations, Strike has implemented a user onboarding process that includes an Appropriateness Assessment and a mandatory 24-hour cooling-off period. The company has also integrated risk warnings within its app and website for UK users.
Notable features for UK customers include the ability to make recurring bitcoin purchases, send global peer-to-peer transfers, and utilize free on-chain bitcoin withdrawals. Strike is also offering its Lightning Address system, allowing users to receive payments using an email-like address format.
In addition to individual accounts, Strike is opening applications for UK business accounts. These accounts will offer similar services to individual users, with the potential for API access for eligible customers.
For high-net-worth individuals and businesses dealing with larger transactions (over £100,000), Strike has introduced "Strike Private," a specialized service offering tailored support and guidance.
This expansion comes at a time when some cryptocurrency companies have scaled back their UK operations. Strike's founder, Jack Mallers, expressed the company's commitment to furthering Bitcoin adoption globally and promoting financial innovation in the UK market.
Here’s the announcement: STRIKE BLOG
