Reasons to use Strike
Here are some of the main benefits of using the Strike app.
Borderless Payments
Send and receive borderless payments instantly, securely, and free of charge. Transfer money to and from anywhere in the world.
Buy and Sell Bitcoin
Strike provides the simplest method to buy & sell Bitcoin. Acquire Bitcoin effortlessly and without any fees. Strike referral codes are a way to get a signup bonus.
Get Paid in Bitcoin
Convert your paycheck to bitcoin with no added fees. Stack sats!
Earn while you Spend
Strike collaborates with well-known brands to assist you in earning cashback. Enjoy cashback rewards of up to 15% on your purchases.
Over 30,000 Users!
Every day, thousands of users rely on Strike, and the platform is experiencing rapid growth!
The Details
More explanation of why to use Strike.
Remittance Payments
Scan a QR code, tap to pay, and send money across the globe in seconds, all without any fees. Farewell, Western Union, and farewell, TransferWise.
Spend Bitcoin with your Dollars
With Strike, spend bitcoin instantly and anywhere. You don't have to deal with the pain of volatility, taxes, needing to set up a wallet or owning bitcoin to interact with the bitcoin economy. Simply link a bank account, deposit funds, and spend Strike's.
Withdraw Fiat to your Bank
Transfer money from your Strike account to your bank. If you're a merchant, you can receive Bitcoin as payment and convert your earnings into fiat currency. You won't face price fluctuations or tax implications since you only hold US dollars.
Earn Cashback
Strike has teamed up with VISA and will soon introduce the Strike card, enabling you to earn rewards from affiliated merchants as you shop.
1. Genesis of Bitcoin (2009)
Bitcoin's history began in 2009 when an individual or group using the pseudonym Satoshi Nakamoto introduced the world to the concept of a decentralized digital currency. Nakamoto's whitepaper, "Bitcoin: A Peer-to-Peer Electronic Cash System," outlined the fundamental principles of Bitcoin, emphasizing its potential to eliminate the need for intermediaries like banks in financial transactions.
2. Early Adoption and Volatility (2010-2013)
In the early years, Bitcoin faced skepticism and was primarily used by tech enthusiasts and a niche community. Its value was extremely volatile, with its price jumping from just a few cents to over $1,000 by the end of 2013. This remarkable price growth caught the attention of investors and the media, sparking widespread interest.
3. Mt. Gox and Regulatory Challenges (2014)
In 2014, one of the largest Bitcoin exchanges at the time, Mt. Gox, filed for bankruptcy after losing hundreds of thousands of Bitcoins in a hack. This incident exposed the vulnerability of early cryptocurrency exchanges and led to increased regulatory scrutiny. Governments around the world began to formulate policies to regulate Bitcoin and other cryptocurrencies.
4. Mainstream Acceptance and Institutional Investment (2017-2020)
Bitcoin experienced another surge in popularity between 2017 and 2020. It reached an all-time high of nearly $20,000 in late 2017, attracting both retail and institutional investors. High-profile companies and financial institutions, such as Tesla and Square, announced their investments in Bitcoin, signaling a growing acceptance of cryptocurrencies as a legitimate asset class.
5. Strike by Zap: A Game-Changer in Bitcoin Payments
In recent years, projects like Strike by Zap have revolutionized Bitcoin payments. Strike, launched in 2020 by Jack Mallers, allows users to make instant, low-cost Bitcoin transactions, making it more accessible and practical for everyday use. This development has the potential to further mainstream adoption and utility of Bitcoin as a medium of exchange.
6. Recent Developments (2021-Present)
In 2021, Bitcoin reached new highs, briefly surpassing $60,000 per coin. However, it has also faced increased scrutiny and regulatory challenges, particularly in the areas of environmental concerns related to its energy consumption. The crypto space continues to evolve, with the development of alternative cryptocurrencies (altcoins) and the growing adoption of blockchain technology in various industries, ensuring that Bitcoin's history remains a dynamic and ever-evolving narrative.
7. Lightning Network and Scalability
The Lightning Network, implemented as a second-layer solution, aims to address Bitcoin's scalability issues by enabling faster and cheaper transactions. It's a crucial development to improve Bitcoin's usability and reduce congestion on the main blockchain.
8. Future Innovations and Challenges
As Bitcoin continues to evolve, its future remains uncertain yet promising. Innovations such as Taproot, Schnorr signatures, and ongoing efforts to improve its environmental footprint are on the horizon. Challenges include regulatory hurdles, adoption barriers, and the need to balance decentralization with mainstream acceptance.