- Strike and Bitstamp have partnered to allow more European users to purchase Bitcoin and cryptocurrencies.
- Bitstamp will provide Strike with fiat-to-crypto conversion support.
- Bitstamp has also partnered with Web3 platform Kryptos to help simplify crypto taxes for customers.
Strike, the leading Bitcoin payments app from Jack Mallers, has partnered with cryptocurrency exchange Bitstamp to bring Bitcoin to more people in Europe. CoinDesk first reported the story.
Bitstamp/Strike Partnership
On Wednesday, the two companies announced in a press release that they would work together to make it easier and more accessible for EU customers to buy cryptocurrencies.
Strike and Bitstamp see the partnership as providing an easier-to-use fiat-to-crypto onramp, allowing users to quickly and easily purchase Bitcoin, Ethereum, Solana and other cryptocurrencies.
Users have access to a variety of entrances and exits, including wire transfers, direct deposits, debit cards, and mobile money.
Strike is your gateway to #bitcoin
We offer a variety of access ramps worldwide to facilitate buying, selling and use #bitcoin seamlessly
We support everything from whale orders via wire transfer to mobile money deposits to fund your DCA#bitcoin should be easy pic.twitter.com/KX6SEa9MTf
— Strike (@Strike) August 6, 2024
Strikes expand to Europe in April
The partnership with Bitstamp follows Strike’s expansion into Europe. The company announced its entry into the European market in April, following similar milestones in Africa.
The expansion, available to eligible customers, means users across the EU can send, buy, sell and withdraw Bitcoin. Users can withdraw Bitcoin to their self-service wallet or send it to any Lightning wallet. The launch also introduces P2P trading for Strike Europe users.
Bitstamp formed a partnership with the U.S. Bitcoin payments company after Robinhood announced a $200 million acquisition of the European cryptocurrency exchange in June.
Cryptocurrency exchanges also declare Partnered with Web3 financial platform Kryptos to simplify cryptocurrency tax for users in 15 countries including the UK, Portugal and Australia.
Expanding Access to Cryptocurrencies in Europe
In a significant move towards enhancing access to cryptocurrencies in Europe, Strike has partnered with Bitstamp to provide a smoother fiat-to-crypto onramp for EU customers. This partnership aims to simplify the process of purchasing popular cryptocurrencies such as Bitcoin, Ethereum, and Solana for users across the region.
With multiple options like wire transfers, direct deposits, debit cards, and mobile money, users now have a variety of convenient ways to enter and exit the crypto market seamlessly.
Strengthening Financial Networks
By working together, Strike and Bitstamp are not just facilitating easier access to cryptocurrencies but also strengthening financial networks in Europe. The collaboration marks a step towards inclusivity and innovation in the fintech space, providing users with more options and control over their financial assets.
This partnership comes at a crucial juncture when digital currencies are gaining more mainstream acceptance, and initiatives like these pave the way for a more connected and efficient financial ecosystem.
Empowering Users Through Innovation
The Bitstamp/Strike partnership exemplifies the power of innovation in empowering users to engage with digital assets more seamlessly. By leveraging cutting-edge technology and strategic collaborations, both companies are opening up new avenues for users to explore and benefit from the dynamic world of cryptocurrencies.
This forward-thinking approach sets a precedent for future advancements in the financial industry, where technology and collaboration play a vital role in democratizing access to financial resources.
