Bitcoin

<p><em><strong>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.</strong></em></p><h2 id="header-0">Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" /></p><p>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, <a href="https://cryptosheadlines.com/strike-the-bitcoin-payments-app-integrates-usdt-for-global-expansion/" rel="noopener noreferrer nofollow">Strike operates similarly to mobile payment apps</a> like Cash App or Venmo but utilizes blockchain technology for transactions.</p><h3 id="empowering-financial-inclusion-with-strike-africa">Empowering Financial Inclusion with Strike Africa</h3><p>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.</p><p>In addition to local transactions, Strike Africa offers users access to global payments through <a href="https://cryptosheadlines.com/binance-adds-bitcoin-lightning-network-support/" rel="noopener noreferrer nofollow">Bitcoin’s Lightning network</a>. This network is renowned for its efficiency in executing low-cost, high-speed transactions, particularly beneficial for transfers and <a href="https://cryptosheadlines.com/ripple-teams-up-with-bis-for-cross-border-payments-initiative/" rel="noopener noreferrer nofollow">cross-border payments</a>.</p><p>This expansion comes at a crucial time, coinciding with a <a href="https://cryptosheadlines.com/bitcoin-grows-for-four-months-despite-banking-crisis/" rel="noopener noreferrer nofollow">growing interest in Bitcoin</a> 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 <a href="https://cryptosheadlines.com/bnbs-resistance-struggle-analysts-bearish-outlook-amid-market-challenges/" rel="noopener noreferrer nofollow">markets to navigate economic challenges</a> more effectively and access greater financial inclusion.</p><h3 id="strike-s-expansion-into-africa-addressing-economic-challenges">Strike’s Expansion into Africa: Addressing Economic Challenges</h3><p>Nigeria, Africa’s largest market, has witnessed a notable increase in <a href="https://cryptosheadlines.com/bybits-license-approval-boosts-crypto-adoption-in-cyprus/" rel="noopener noreferrer nofollow">crypto adoption</a>, 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.</p><h2 id="header-1">Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" /></p><p>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 <a href="https://cryptosheadlines.com/new-york-crypto-companies-face-changes-in-coin-listing-process/" rel="noopener noreferrer nofollow">company recognizes the challenges many African countries face</a>, including high inflation rates and currency devaluation, which hinder residents’ ability to save and build wealth.</p><p><a href="https://cryptosheadlines.com/4-cryptocurrencies-under-1-with-potential-to-turn-10-into-1000-by-2024/" rel="noopener noreferrer nofollow">Also Read:   4 Cryptocurrencies Under $1 with Potential to Turn $10 into $1000 by 2024</a></p><p>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 <a href="https://cryptosheadlines.com/binance-halts-crypto-debit-card-services-in-latin-america/" rel="noopener noreferrer nofollow">Latin America</a>, 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.</p><p>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.</p><p>His stance reflects a broader belief in Bitcoin’s alignment with American values such as personal freedom, equal opportunity, and innovation.</p><p><em><strong>Important:</strong> 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.</em></p>

Strike Introduces Bitcoin Payment Services in Seven African Countries

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