Payments company Strike has just announced a partnership with exchange platform Bitstamp. It aims to expand their services in Europe, making it easier to buy cryptocurrencies. What will it look like?
A new partnership between Strike and Bitstamp
Payment app Strike announced this new partnership with Bitstamp on WednesdayThe company only launched its services in Europe last April, after expanding to Africa earlier this year. Strike is known for the widget it offers developers, which allows instant cryptocurrency transactions from any site.
Its partnership with Bitstamp therefore allows it to facilitate exchanges between cryptocurrencies and fiat currencies, as well as transfers to customers. For its part, the exchange platform will thus reach a wider clientele, particularly banks and fintech companies..
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Bitstamp is a very “regulator friendly” exchange platform, as it has 50 official licenses and registrations worldwide. This is a major asset in Europe, where the MiCA regulation is currently being rolled out.This allows Strike to benefit from the expertise of one of the largest crypto exchange platforms in Europe.
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Strike also bets on the future of Robinhood
This is also what attracted another entity: Robinhood. The investment giant announced last June the future acquisition of Bitstamp, for the sum of 200 million dollars. Robinhood thus gains 4 million global customers and continues its policy of expansion in Europe.
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Strike is therefore wisely positioning itself to indirectly support Robinhood's growth in Europe.The company has, however, confirmed that its services will not be available in the UK.
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Source: CoinDesk
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A journalist at Cryptoast since 2017, I am passionate about the issues of decentralization, privacy and regulation. I specialize in traditional economics and finance, analyzing how news from this sector influences the cryptocurrency sector, offering a unique and informed perspective to Cryptoast readers.
Marine Debelloir
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