Strike introduces USDT support, enhances app and expands globally at Bitcoin 2023 Conference

During Bitcoin 2023 in Miami Beach, Strike, a global bitcoin payments service, announced that their service is now available in 65 more countries across six continents. At the same time, they introduced the ability to receive funds in US dollar equivalents, specifically USDT. The app has also undergone a major facelift and overhaul, resulting in a cleaner user interface and a more user-friendly experience, as well as a new logo.

Many of the countries that have been requested by Bitcoin Twitter users can now instantly send and receive money using the Lightning Network. In an interview with Strike’s VP of Product, Manuela Rios, she explained that the app now has an effective reach of three billion people.

“With Send Globally, the value proposition is that you send dollars and receive them as a local currency directly into a bank account on the other side… this one’s different – what we found through user research is that people on the other side in jurisdictions with weak currencies would say ‘Hey, this experience is amazing, but can I have a dollar equivalent?'”

Regarding Bitcoin purchases, Rios said that “globally, you don’t see a seamless experience.” Therefore, the new Strike app also functions as a Lightning wallet, allowing users to buy and sell Bitcoin through dollar equivalent rails.

During his speech at Bitcoin 2023, Strike CEO Jack Mallers explained the wider vision of the updates, stating that “We’re delivering a cash balance that the global south can rely on, and an awesome beautiful punk unconventional black and white brand, as the Fed is driving our own banks insolvent.”

He also highlighted the company’s response to feedback, displaying a set of tweets asking for LNURL support, shortly after announcing that the new app has LNURL support – all [email protected] function as an LNURL as of the launch.

“We made a lot of product changes to support what we hope to become an amazing global money app,” Mallers said. “As a company, we know what we’re fighting for, we know who we are, we changed the way we looked, but we never changed the way we felt.”

In addition to the new features and access, the app now includes a simplified sign-up process to make it easier for users to sign up. “The end goal for us is to serve 7-8 billion people, and we’ll be stepping our way to make it to the countries that didn’t make it in this MVP,” Rios explained.

Rios explained the impact of the launch and additional features, stating that “For the Bitcoiners, you can expect a beautiful Lightning wallet and a cost-effective way to buy Bitcoin, and for people not yet familiar with Bitcoin, but who are familiar with 109% inflation, giving them access to a US dollar equivalent stablecoin is massive – now you can save in something that won’t be so quickly devalued.”

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