Bitcoin payments platform Strike has now expanded to Africa, enabling instant and low-cost remittances to the continent by leveraging its new “Send Globally” feature.
The tool, available to all American Strike users, will offer initial coverage to Nigeria, Kenya, and Ghana. 
Bringing Bitcoin to Africa
As announced by Strike on Tuesday, the feature was launched in partnership with the African Bitcoin company Bitnob. Within the app, U.S.-based Strike users can immediately send money to an African recipient, where the funds will be converted into their relevant local currency and deposited into their bank, mobile money, or Bitnob account. 
Strike claims this feature will improve the ease of payments in Africa, where banking services are extremely limited and cross-border payment options are few and far between. Strike CEO Jack Mallers specifically pointed to the high fees and service halts from incumbent payment providers as a primary benefit. 
“High fees, slow settlement, and lack of innovation in cross-border payments have negatively impacted the developing world,” said Mallers. “Strike offers an opportunity for people to transfer their US dollars easily and instantly across borders.”
Bitnob CEO Bernard Parah added that the application will help financial institutions source USD liquidity more easily. “The current financial system isn’t set up in a way that ensures equal access for people and institutions from Africa,” he said.

Strike now helps Africa
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