Strike, a payments platform focused on Bitcoin, is expanding its reach to Nigeria and several other African countries. The move comes in response to the economic challenges faced by these nations, including high inflation rates and currency devaluation.
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Strike aims to provide cost-effective cross-border payment solutions using Bitcoin and its Lightning network. This will enable both businesses and individuals to securely invest in Bitcoin and USDT while offering B2B cross-border payment services.
Strike is expanding into Africa despite regulatory challenges in Nigeria and Kenya regarding cryptocurrency platforms. Nigeria blocked access due to currency stabilization concerns, while Kenya is implementing new trading laws due to worries about money laundering and terrorism financing. Innovative solutions like Strike are essential in addressing financial barriers in Africa.
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