The United Kingdom is happier, especially with the news of the world’s most used Bitcoin Lightning application, Strike, finding a new home in the UK. Typically, this is a significant achievement for Strike as well as furthering use and adoption of BTC and the Lightning Network.
Lightning Network Comes to Britain
Strike became popular due to the instantaneous and cheap Bitcoin payments facilitated by the Lightning Network. Its arrival in the UK market brings a set of functions intended to introduce Bitcoin to users with a shared experience.
UK residents can now enjoy:
- Real-time Bitcoin buys with bank transfers.
- A bid to Automate Bitcoin Purchases.
- Self-custody withdrawals.
- Instant and free transfers between two Strike users anywhere in the world.
Strike has incorporated an ‘appropriateness assessment quiz’ about Bitcoin that will need to be taken by the app users. With such disclosure norms as a standard for all financial and CFD trading companies, Strike proves its responsible approach to the business’s growth and the audience’s awareness.
The promised UK launch is an expansion of Strike’s global card. Jack Mallers, the Strike founder, also stressed the company’s desire to promote worldwide Bitcoin adoption, saying, ‘The task is far from complete.” This expansion takes Strike to 100 nations, making it the world’s premier Bitcoin payment enablement company.
The essence of Strike’s proposition is the Lightning Network. This second layer, which is an augmentation on the base Bitcoin protocol, enables users to transact nearly instantly and at next to zero cost. Suffice it to say that Strike is now available in the UK. With it, the company has introduced Lightning payments, which are changing possibilities and opportunities in people’s personal and business lives.
Looking Ahead
The UK is the 6th largest economy in the world and thus represents a large market for Strike and Bitcoin. While some companies have closed their operations in the UK mainly due to the tough regulations, Strike’s expansion proves a sound belief in the prospects of Bitcoin and the company’s capacity to manoeuvre complicated regulations.
In a nutshell, Strike’s entrance to the UK market is the breakthrough moment for Bitcoin and Lightning Network adoption in the country. Pitching Bitcoin as one of the financial pillars of the world means that this service makes it easier for UK residents to venture further into the world of Cryptocurrencies.
Image Source: Adobe Stock
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used for legal, tax, investment or financial advice.
