Post By: CryptosHeadlines.com

Even though some people online said there might have been a security problem and private emails leaked, Strike checked and found no proof of a breach.Strike, a payment platform that uses Bitcoin’s Lightning Network, is looking into claims on the internet that it had a security problem. But for now, they haven’t found any proof to show these claims are true.
“Strike Investigates Security Claims, Finds No Breach”
The company, Strike, checked for security issues and said, “Our security team has been investigating these claims, and at this time, there’s no evidence that Strike was breached.”
Before Strike responded, someone online named ZachXBT mentioned in their Telegram channel that people were talking about getting suspicious emails. One person asked, “Strike, when did you leak your customer emails?”
In May, Strike made its app available in many new countries, not just in the U.S., Argentina, and El Salvador. With the Strike app, people can quickly send and receive bitcoin using the Lightning Network. Jack Mallers started Strike in 2020.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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Strike, a payments app focused on Bitcoin, has revealed its expansion into Africa by launching services in seven countries. These countries are Gabon, Ivory Coast, Malawi, Nigeria, South Africa, Uganda, and Zambia.
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Founded by CEO Jack Mallers, Strike is making its foray into African markets, with plans for further expansion in the future. As a product of the Chicago-based startup Zap, Strike operates similarly to mobile payment apps like Cash App or Venmo but utilizes blockchain technology for transactions.

Empowering Financial Inclusion with Strike Africa
The introduction of Strike Africa brings a range of financial opportunities to users in select African countries. This includes the ability to buy and sell Bitcoin (BTC) and the dollar stablecoin USDT directly through the application. Furthermore, users can seamlessly transition between cryptocurrencies and traditional fiat currencies using local currency on-ramps and off-ramps provided by the app.
In addition to local transactions, Strike Africa offers users access to global payments through Bitcoin’s Lightning network. This network is renowned for its efficiency in executing low-cost, high-speed transactions, particularly beneficial for transfers and cross-border payments.
This expansion comes at a crucial time, coinciding with a growing interest in Bitcoin and stablecoins across various regions, particularly in countries facing high inflation rates and unstable financial systems like Argentina and Turkey. By providing alternative financial services, Strike Africa aims to empower individuals in African markets to navigate economic challenges more effectively and access greater financial inclusion.
Strike’s Expansion into Africa: Addressing Economic Challenges
Nigeria, Africa’s largest market, has witnessed a notable increase in crypto adoption, driven by individuals seeking digital assets to hedge against the devaluation of the local currency. The Nigerian naira has experienced a significant decline in value, dropping by nearly 50% against the U.S. dollar recently.

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Strike’s decision to expand into Africa underscores the company’s belief in the continent as a fertile ground for financial innovation and economic freedom. The company recognizes the challenges many African countries face, including high inflation rates and currency devaluation, which hinder residents’ ability to save and build wealth.
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This expansion into Africa aligns with Strike’s broader global expansion strategy, announced last year, which aims to extend operations to over 65 countries. Beyond Africa, Strike is targeting Latin America, Asia, and the Caribbean. In November, the company made its services available globally, enabling users in over 35 countries to purchase BTC through its app, albeit with a 3.9% fee for non-U.S. customers.
Recently, Strike CEO Jack Mallers announced his decision to completely divest from the U.S. dollar, emphasizing his strong commitment to Bitcoin. Mallers, a vocal advocate for Bitcoin, criticized U.S. monetary policies and highlighted Bitcoin’s potential to counter fiat debasement, citing its fixed supply and decentralized nature.

His stance reflects a broader belief in Bitcoin’s alignment with American values such as personal freedom, equal opportunity, and innovation.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

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