Bitcoin Made Easy for UK Users with Strike Buy Sell and Send
Headlines
Strike’s Bitcoin and Lightning Network payment app is now accessible in the UK.
Users have the ability to purchase Bitcoin with free bank deposits, send instant payments, and withdraw to their bank accounts.
Strike utilizes the Lightning Network for quick and cost-effective global payments, enabling users to effortlessly send money internationally.
Exciting news for Bitcoin enthusiasts in the UK! Strike, the well-known Bitcoin and Lightning Network payment app, has officially launched. This means both individuals and businesses can easily buy, sell, send, and withdraw Bitcoin. Strike’s arrival in the UK comes after its successful expansion across Europe and in over 100 countries.
But what does this mean for the UK market? Will Strike revolutionize Bitcoin adoption? Let’s delve into the impact and significance of Strike’s launch in the UK.
Cryptocurrency in the UK: A Summary
A recent survey by Finder shows that as of 2024, around 11% of Brits have invested in cryptocurrency, which equates to approximately 5.6 million adults. This marks a significant increase from 2018 when only 3% of the population held some form of cryptocurrency. Men are at the forefront of this investment trend, with 14.5% of men investing in cryptos compared to 7% of women. Bitcoin remains the top choice, with 47% of British crypto investors opting for it in 2023, followed by Ethereum and Dogecoin at 33% and 21%, respectively. Nearly three-quarters of Bitcoin owners in the UK are male.
Strike: Important Features to Note
Comprehensive Bitcoin Capabilities:
The Strike app empowers users in the UK to buy, sell, send, withdraw, and make global payments with Bitcoin. Users can take advantage of free, unlimited GBP deposits from their bank accounts, automatic conversion, and scheduled recurring purchases. The app is accessible on both iOS and Android devices.
Enhanced Payment Flexibility:
UK customers have the ability to sell Bitcoin, withdraw to bank accounts, transfer to self-custodial wallets, or make instant payments over the Bitcoin or Lightning Network. Strike offers free on-chain withdrawals to help users navigate high network fees during congestion, with a target confirmation time of about 24 hours.
Innovative Lightning Network:
Lightning operates as a network of bi-directional payment channels on top of the Bitcoin blockchain, enabling fast, cost-effective micropayments. All Strike users receive a Lightning Address, which simplifies receiving payments compared to traditional Lightning invoices.
A Global Approach
Users in the UK can utilize Strike’s global peer-to-peer transfers via Lightning, sending GBP to a friend’s Strike account instantly, wherever the app is available. Recipients can receive funds in Bitcoin, GBP, euros, U.S. dollars, or USDT. Additionally, Strike’s ‘Send Globally’ feature offers fast, low-cost remittance, converting GBP into local currencies in countries like Benin, Ghana, and Nigeria using Bitcoin’s Lightning Network.
Compliance Comes First
To adhere to UK regulations, Strike users must provide their investor classification and pass an ‘Appropriateness Assessment’ knowledge test. Strike Learn offers educational resources to help users understand the service, Bitcoin, and potential risks, with UK customers receiving risk warnings as per local rules.
Despite the growing interest in cryptocurrency, over 71% of the UK population have no plans to invest, citing lack of interest, perceived risk, and concerns about scams, according to the Finder survey. The primary motivator for those who do invest is the belief in cryptocurrency’s future influence.
Significant Step Forward
Strike is poised to significantly enhance Bitcoin adoption in the UK, offering comprehensive features and strict regulatory compliance. This development marks a major step forward for Bitcoin payments and global financial integration.
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Think Strike’s a game-changer? Or is it all hype? Let the debate begin!
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Bitcoin