What is Strike app and how does it work?

Strike is a payment app that lets you transfer funds anywhere in the world through the Bitcoin lightning network rather than the usual wire transaction method. Developed by  Jack Mallers’s  Zap Solutions, the app uses the second layer Bitcoin network for the instant transfer of funds.

It is developed to provide the fastest transfer of funds free of cost with the help of a smartphone and it is accessible to anyone, anywhere in the world.

Bitcoin lightning network makes transactions process faster image: Shutterstock

How does strike work:

The strike app uses Bitcoin’s second-layer lightning network. When someone sends funds, the Strike app automatically converts these funds into Bitcoin. These Bitcoin assets are then moved to the lightning network and are processed instantly and then again converted into funds without any fee.

Using the strike app, users can send and receive small amounts in a few seconds, make online purchases, buy online crypto assets, and many more things. It is an easy and simple to use app where you can easily register yourself by just providing your name and number and you are ready to use the Strike app.

This application has many advantages like it is just a transaction app and does not own any type of assets so it is not affected by market volatility. Moreover, it is not mandatory for the receiver to have the Strike app.

More than 10,000 users got registered at its first launch and it is growing day by day processing thousands of transactions every month.

Read more interesting content here.

About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

Check Also


EU MPs Attack Amazon’s Participation in Digital Euro Project

A cross-party coalition of members of the European Parliament on Tuesday came under fire at …

Leave a Reply

Your email address will not be published.