Strike partners with Bitstamp to bolster crypto purchases for EU users

• Strike and Bitstamp have partnered to make Bitcoin and crypto buying accessible to more users in Europe.
• Bitstamp will provide fiat-to-crypto conversion support for Strike.
• Bitstamp has also partnered with Web3 platform Kryptos to help simplify crypto taxes for customers.

Strike, a leading Bitcoin payments app launched by Jack Mallers, has partnered with crypto exchange Bitstamp to bring Bitcoin to more people in Europe. CoinDesk reported the story first.

Bitstamp/Strike partnership

On Wednesday, the two companies announced in a press release that they would collaborate to make crypto buying accessible and easier for customers in the European Union.

Strike and Bitstamp are eyeing this partnership as one that offers an easier-to-use fiat-to-crypto on-ramp, which allows users to quickly and easily buy Bitcoin, Ethereum, Solana and other cryptocurrencies.

Users have access to several on and off-ramps, including wire transfers, direct deposits, debit card and mobile money.

Strike is your gateway to #bitcoin

We offer a wide range of on & off ramps available globally, making it easy to buy, sell, and use #Bitcoin seamlessly

We support everything from whale orders via wire transfers to mobile money deposits to fund your DCA#Bitcoin should be easy pic.twitter.com/KX6SEa9MTf

— Strike (@Strike) August 6, 2024

Strike expanded to Europe in April

The collaboration with Bitstamp follows Strike’s expansion into Europe. In April, the company announced its entry into the European market after a similar milestone in Africa.

Accessible to eligible customers, the expansion meant users across the EU could send, buy, sell and withdraw BTC.  Users can withdraw Bitcoin to their self-custody wallets or send it to any Lightning wallet. The launch also introduced P2P transactions for Strike Europe users.

Bitstamp’s partnership with the US-based Bitcoin payments firm comes after Robinhood announced its $200 million acquisition of the Europe-based crypto exchange in June.

The crypto exchange has also announced a partnership with Web3 finance platform Kryptos to simplify crypto taxes for users across 15 countries, including the United Kingdom, Portugal and Australia.