Strike Launches Bitcoin Payments App in the UK

Summary:
Bitcoin payments app Strike has expanded its services to the United Kingdom, now operating in over 100 countries globally. UK users can buy, sell, send, withdraw, and make global payments using Bitcoin and the Lightning Network. To comply with UK regulations, users must pass an “Appropriateness Assessment” quiz about Bitcoin risks. This expansion is significant as other crypto companies have recently retreated from the UK market due to regulatory challenges. Strike leverages the Lightning Network for fast and low-cost transactions, offering features like automatic conversion, scheduled recurring purchases, and global peer-to-peer transfers. The app requires users to classify their investor status and pass a knowledge test to ensure they understand the risks involved. Strike’s move comes amid evolving UK cryptocurrency regulations, aiming to increase Bitcoin adoption despite regulatory complexities.