Strike, the payments company led by Jack Mallers, is expanding its operations to new markets in Africa, Latin America, Eastern Europe, Asia and the Caribbean. The move would add a host of additional countries to Strike’s current operations in the U.S., Argentina and El Salvador. The company’s push into new markets is aimed at increasing access to financial services for individuals and businesses in regions where traditional banking is often inaccessible or prohibitively expensive.
“We’re excited to be expanding our reach to new markets and bringing the benefits of fast, low-cost payments to people around the world,” said Mallers. “Our mission is to create a global payments network that works for everyone, regardless of where they live or what their financial situation is.”
The expansion will allow Strike to offer its services to a wider range of customers, including small businesses, freelancers, and individuals who rely on remittances from family members living abroad. By leveraging blockchain technology, Strike is able to offer fast, secure and low-cost payments, while bypassing the high fees and slow processing times associated with traditional banking.
According to Mallers, Strike’s expansion plans are part of a larger effort to promote financial inclusion and empower individuals and businesses in underserved regions. “We believe that everyone should have access to the financial tools they need to thrive, no matter where they are in the world,” he said.
With its expansion into new markets, Strike aims to compete with traditional payment providers and other fintech companies that are also targeting underserved regions. However, Mallers believes that Strike’s focus on blockchain technology and low fees will give it an edge in the market. “We’re confident that our approach will resonate with customers who are looking for a better way to send and receive money,” he said.
As Strike continues to expand its global reach, it remains committed to its core mission of providing fast, low-cost payments to individuals and businesses around the world. With its innovative approach to payments and its focus on financial inclusion, Strike is poised to become a major player in the global payments landscape.