Bitcoin-based app Strike expands in Philippines to grow cross-border payment solutions

Bitcoin-based app Strike expands in Philippines to grow cross-border payment solutions

a year ago
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https://techcrunch.com/2023/01/31/bitcoin-based-app-strike-expands-in-philippines-to-grow-cross-border-payment-solutions/

Strike, a Bitcoin-based payment network and financial app, is expanding to the Philippines to grow cross-border payments and remittance markets.

“The Philippines is one of the biggest remitting markets in the world, especially from the United States,” Jack Mallers, CEO of Strike, said to TechCrunch. In 2021, about $12.7 billion in cash remittances was sent from U.S.-based Filipinos to the Philippines, according to Statista data.

Bitcoin-based app Strike expands in Philippines to grow cross-border payment solutions

Jan 31, 2023, 3:40pm UTC
https://techcrunch.com/2023/01/31/bitcoin-based-app-strike-expands-in-philippines-to-grow-cross-border-payment-solutions/ > Strike, a Bitcoin-based payment network and financial app, is expanding to the Philippines to grow cross-border payments and remittance markets. > “The Philippines is one of the biggest remitting markets in the world, especially from the United States,” Jack Mallers, CEO of Strike, said to TechCrunch. In 2021, about $12.7 billion in cash remittances was sent from U.S.-based Filipinos to the Philippines, according to Statista data.