The company also expanded its services to 65 countries. Previously, the Strike mobile app only worked in the U.S., El Salvador, and Argentina.
Jack Mallers, CEO and founder of Zap, Strike’s parent company, believes the push to expand is aimed at countering the “cloud world of cryptocurrency exchanges.”
Speaking to reporters, Mullers said moving its headquarters to El Salvador was in response to growing sentiment against cryptocurrency regulation in the U.S.
El Salvador, on the other hand, successfully introduced bitcoin as legal tender, and Strike was one of the first cryptocurrency companies to be licensed in the country.
“Two years ago people would have laughed at me if I had announced that our headquarters in El Salvador was launching a product for three billion people, but now Coinbase is struggling with Gary Gensler. Who’s laughing now?” – says Mullers.
Strike will initially allow users in new global markets to receive only bitcoins, but the company has plans to launch new projects, including a debit card.
For markets outside the U.S., Strike will allow payments to be made on Tether.
In May, U.S. senators introduced the El Salvador Cryptocurrency Accountability Act (ACES) bill, implying oversight of BTC acceptance in El Salvador and risk analysis for the U.S..
Salvadoran President Nayib Bukele commented on the initiative, calling it an interference in the country’s internal affairs.