Bitcoin payments firm Strike has announced a massive expansion along with the relocation of its headquarters to El Salvador.
On May 19, Strike announced that it was expanding to a total of 65 global markets. In addition to the global expansion, it is also moving its headquarters to El Salvador where Bitcoin is legal tender.
Speaking to Fortune at the Bitcoin 2023 conference in Miami, CEO Jack Mallers said touted the simplicity of the Strike app.
“We think there are billions of people that want a money app with those characteristics and capabilities contrasted to a clouded world of crypto exchanges and hidden, unregistered licensing regimes and 1,000 different coins,”
The Strike app uses the Bitcoin Lightning Network, a layer 2 scaling solution for cheaper and faster transactions.
Strike Seeking 3 Billion Users
Mallers added that the decision to relocate was due to increasing regulatory pressure and a lack of clarity in the…
