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Bitcoin-focused payments app Strike opens in Europe
Strike, the bitcoin-focused payments app, is now in Europe. Why it matters: Strike is built atop the Lightning Network, a so-called layer 2 Bitcoin payments solution that promises to use blockchain to reduce transaction speeds down to seconds. • Strike's rollout in Europe puts the app in nearly 100 countries, founder Jack Mallers said. Between the lines: The Lightning Network facilitates peer-to-peer micropayments, allowing people to send bitcoin between themselves almost instantly, and privately — making it harder to track activity. • River Financial, a Bitcoin-only financial services firm, estimated that ... (full story)