ANNOUNCING | Strike Announces Initial Entrance into 7 African Markets for Bitcoin and USDT On and Off-Ramping to Local Currency

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. 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.

kodzilla··2 min read

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.

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.

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
See also

 

“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.”

 

 

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