Part 5/11:
He elaborates that Strike facilitates cross-border remittances, converting dollars to Bitcoin and back in real time, with minimal cost and no counterparty risk. This application addresses the exorbitant fees and slow processes typical of traditional remittance channels like Western Union, which can take hours or days and cost up to 30%. Instead, Bitcoin becomes a global fast lane for value transfer—free, instant, and borderless.
Strike’s approach includes creating a seamless experience for users—offering dollar and Bitcoin balances within one app, allowing users to “move between the two” effortlessly. With official release in El Salvador and other countries, Strike is already facilitating active use cases, from remittances to everyday transactions, with plans for broader expansion.