Crypto Platform Strike and Checkout.com Partner to Bring Bitcoin Buying to 65+ Countries
Bitcoin
Source: Pixabay / WorldSpectrum
Bitcoin (BTC) wallet and payment platform Strike has partnered with Checkout.com to enable debit-card-based Bitcoin purchases in over 65 countries.
Strike leverages Bitcoin’s lightning network to let users make instant and free cross-border fiat currency payments to anyone worldwide. It also functions as a Bitcoin onramp, letting users buy and sell the currency.
Checkout.com is a global payment service provider for businesses that supports all major card schemes.
The collaboration addresses one of the core issues plaguing major crypto providers today: swapping funds between digital and fiat currencies – the latter of which requires access to traditional U.S. banking rails.
Speaking to Fortune, Strike CEO Jack Mallers said that Checkout.com provides a card network gateway, brokering relationships with the likes of Visa and Mastercard. Checkout.com itself does not convert users’ dollars into Bitcoin, but opens one more pathway for interested investors to buy the digital currency.
Strike will become the “Bitcoin company of the earth,” using global payments as a core feature, according to Mallers.
Strike’s Bitcoin Payment Features
Right now, Strike Global users in over 36 countries can buy Bitcoin with a debit card, with rollouts to over 65 countries on the way. Some currently compatible nations include El Salvador, Australia, New Zealand, South Africa, and the UAE.
“We’ve also repurposed our Send Globally technology for our users outside of the US,” added Mallers over X. Since last year, Send Globally has allowed U.S.-based Strike users to send money to people in other nations, such as Kenya, with funds automatically converted to the recipient’s local currency in their bank or mobile money account.
“Global users can now cash out their #bitcoin & USDT to local currency, send money across borders, or use Strike to shop in their local markets,” Mallers continued.
