Bitcoin payments solutions company, Strike, has announced its maiden expansion outside of the United States with several African countries set to benefit from the company’s facilities.
Strike gives customers local fiat on & off-ramps, enabling them to buy and sell bitcoin and USDT through a product suite that includes a mobile app, and an API.
I just published Announcing Strike Africa
Today, we are launching Strike Africa, expanding our full suite of #Bitcoin services into Gabon, Ivory Coast, Malawi, Nigeria, South Africa, Uganda, and Zambia with more markets to come in the future.
LFG! https://t.co/icN0DZ4bGS pic.twitter.com/khxKecltAY
— Jack Mallers (@jackmallers) February 27, 2024
According to a post by CEO, Jack Mallers, the Strike App now offers:
Major on & off ramps
Buy & sell bitcoin
Buy & sell USDT
On-chain payments
A full-service Lightning Network wallet
Global P2P payments, and more
The service is now available in the following countries:
Gabon
Ivory Coast
Malawi
Nigeria
South Africa
Uganda, and
Zambia
with more markets in Africa to come.
How Much Does it Cost to Send Money in Malawi? https://t.co/8VvLhNK3UO #Malawi
— BitKE (@BitcoinKE) July 17, 2020
Strike customers in Africa can do the following in supported markets:
Buy & sell bitcoin
Buy & sell USDT
Send & receive on-chain payments with a free on-chain withdrawal option
Send & receive Lightning Network payments with bitcoin
Send & receive Lightning Network payments with USDT
Receive payments to their Lightning Address as bitcoin
Receive payments to their Lightning Address as USDT
In-app shopping over the Lightning Network with their bitcoin
In-app shopping over the Lightning Network with their USDT
P2P Strike users around the world with bitcoin
P2P Strike users around the world with USDT
Conduct fast and cheap cross-border payments
Cash out to local currency
Additionally, Strike users in the United States can now instantly send money to their family back home in Africa that is received as USDT, which they can then exchange for bitcoin or cash out to local currency as they’d like.
The Strike API will also become available across the aforementioned markets. According to Mallers, businesses and developers can open a Strike account and get access to a range of services including:
BTC, USD, USDT
Bitcoin infrastructure
On-chain payments
Lightning Network payments
Exchanging currencies (BTC/USD, etc)
Sending fiat currencies over Lightning (USD, USDT, etc)
Receiving fiat currencies over Lightning (USD, USDT, etc)
“Your account allows you to buy, sell, hold, send, and receive Bitcoin, and buy and sell USDT. If you’re looking to invest your balance sheet into Bitcoin and USDT, let us do the hard work for you,” Mallers said.
Strike, which in 2023 reached a deal with African payments mobile app, Bitnob, to facilitate payments into Africa, will also now be offering cross-border payment solutions available to local businesses. Strike uses Bitcoin technology to execute B2B cross-border payments for business customers that are affordable and settle quickly, the CEO said.
In partnership with Bitnob, Strike is currently available in:
Ghana
Kenya
Nigeria
Bitnob and Strike Now Facilitate Instant, Low Cost Money Transfers from America to Ghana , Kenya , Nigeria
The payment partnership runs on the #BITCOIN Lightning Networkhttps://t.co/xUeT3uT4Q6 @Bitnob_official @Strike @jackmallers @lightning @starkness
— BitKE (@BitcoinKE) January 13, 2023
“For example, a business with a South African division of their company could repatriate revenue in Rand back into the United States as USD into their corporate bank account. Settlement is the same day and the fees are cheap. Open networks win.”
Follow us on Twitter for the latest posts and updates
Join and interact with our Telegram community
_______________________________________
_______________________________________