- Strike and Bitstamp have partnered to allow more European users to purchase Bitcoin and cryptocurrencies.
- Bitstamp will provide Strike with fiat-to-crypto conversion support.
- Bitstamp has also partnered with Web3 platform Kryptos to help simplify crypto taxes for customers.
Strike, the leading Bitcoin payments app from Jack Mallers, has partnered with cryptocurrency exchange Bitstamp to bring Bitcoin to more people in Europe. CoinDesk first reported the story.
Bitstamp/Strike Partnership
On Wednesday, the two companies announced in a press release that they would work together to make it easier and more accessible for EU customers to buy cryptocurrencies.
Strike and Bitstamp see the partnership as providing an easier-to-use fiat-to-crypto onramp, allowing users to quickly and easily purchase Bitcoin, Ethereum, Solana and other cryptocurrencies.
Users have access to a variety of entrances and exits, including wire transfers, direct deposits, debit cards, and mobile money.
Strike is your gateway to #bitcoin
We offer a variety of access ramps worldwide to facilitate buying, selling and use #bitcoin seamlessly
We support everything from whale orders via wire transfer to mobile money deposits to fund your DCA#bitcoin should be easy pic.twitter.com/KX6SEa9MTf
— Strike (@Strike) August 6, 2024
Strikes expand to Europe in April
The partnership with Bitstamp follows Strike’s expansion into Europe. The company announced its entry into the European market in April, following similar milestones in Africa.
The expansion, available to eligible customers, means users across the EU can send, buy, sell and withdraw Bitcoin. Users can withdraw Bitcoin to their self-service wallet or send it to any Lightning wallet. The launch also introduces P2P trading for Strike Europe users.
Bitstamp formed a partnership with the U.S. Bitcoin payments company after Robinhood announced a $200 million acquisition of the European cryptocurrency exchange in June.
Cryptocurrency exchanges also declare Partnered with Web3 financial platform Kryptos to simplify cryptocurrency tax for users in 15 countries including the UK, Portugal and Australia.
Expanding Access to Cryptocurrencies in Europe
As the popularity of cryptocurrencies continues to grow, Strike and Bitstamp have joined forces to make it easier for European users to purchase Bitcoin and other digital assets. This partnership aims to provide a seamless fiat-to-crypto onramp, giving users convenient access to popular cryptocurrencies like Bitcoin, Ethereum, and Solana.
With a variety of supported payment methods, including wire transfers, direct deposits, debit cards, and mobile money, users have multiple options to buy and sell cryptocurrencies with ease.
Partnership for Financial Inclusion
The collaboration between Strike and Bitstamp represents a significant step towards financial inclusion in Europe. By offering a user-friendly and accessible platform for crypto transactions, the partnership aims to empower individuals to participate in the digital economy and explore the benefits of decentralized finance.
With the recent expansion of Strike into Europe, more users will have the opportunity to send, receive, and trade Bitcoin, further enhancing the adoption of cryptocurrencies in the region.
Simplifying Crypto Taxes and Regulatory Compliance
In addition to expanding access to cryptocurrencies, Bitstamp has also partnered with Web3 platform Kryptos to simplify crypto tax reporting for users in various countries. By leveraging innovative technology, Bitstamp aims to streamline the process of tax compliance and help users navigate the complex regulatory landscape surrounding cryptocurrencies.
Through these strategic partnerships and initiatives, the crypto industry continues to evolve and adapt to meet the changing needs of users, driving innovation and growth in the digital asset space.
