{"id":9191,"date":"2023-01-13T22:34:57","date_gmt":"2023-01-13T22:34:57","guid":{"rendered":"https:\/\/www.bitnovo.com\/blog\/?p=9191"},"modified":"2025-09-10T15:27:16","modified_gmt":"2025-09-10T15:27:16","slug":"what-is-strike","status":"publish","type":"post","link":"https:\/\/www.bitnovo.com\/blog\/en\/what-is-strike","title":{"rendered":"What is Strike?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Alternar tabla de contenidos\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-strike\/#how_does_strike_by_zap_work\" >How does Strike by Zap work?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-strike\/#so_if_i_want_to_use_strike_what_do_i_have_to_do\" >So, if I want to use Strike, what do I have to do?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-strike\/#benefits_of_strike\" >Benefits of Strike<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-strike\/#evolution_and_future_development_of_strike\" >Evolution and future development of Strike<\/a><\/li><\/ul><\/nav><\/div>\n<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 4<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span><p>Strike is an app that makes bitcoin\u2019s Lightning Network accessible to everyone.<\/p>\n<p>Developed by the Zap startup team,\u00a0<a href=\"https:\/\/strike.me\/\">Strike<\/a>\u00a0acts as a bridge between traditional banking and Bitcoin.<\/p>\n<p>How does it do this? Well,\u00a0<strong>through a debit card or a bank account that allows its users to exchange Bitcoin and Lightning Network<\/strong>. Thanks to Strike, crypto lovers will now be able to use this app to make micropayments, buy goods and services online as well as buy cryptocurrencies and more\u2026<\/p>\n<div id=\"banner-1727704435\" class=\"banner has-hover\">\n<div class=\"banner-inner fill\">\n<div class=\"banner-bg fill\">\n<div class=\"bg fill bg-fill bg-loaded\"><\/div>\n<\/div>\n<div class=\"banner-layers container\">\n<div class=\"fill banner-link\"><\/div>\n<div id=\"text-box-1280367209\" class=\"text-box banner-layer x50 md-x50 lg-x50 y50 md-y50 lg-y50 res-text\">\n<div class=\"text dark text-shadow-1\">\n<div class=\"text-inner text-center\">\n<p><b><i>Lightning Network\u00a0<\/i><\/b><i>is a decentralized peer-to-peer network that\u00a0<strong>allows micropayments to be made almost instantaneously.<\/strong>\u00a0Jack Mallers, creator of Strike and Zap, has defined Strike as \u201cthe first native Lightning neo-bank\u201d.<\/i><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p><strong>TThe public beta launch of the Strike app<\/strong>, by the company Zap,<strong>\u00a0was announced in July 2020<\/strong>, when its CEO, Jack Mallers, announced the new app for iPhone, Android and Chrome, which\u00a0<strong>allows users to send and receive Bitcoin (BTC) and Lightning Network payments directly to and from a bank account.<\/strong><\/p>\n<p>During this first launch, Strike registered more than 10,000 users and currently processes millions of dollars in volume per month.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"how_does_strike_by_zap_work\"><\/span><b>How does Strike by Zap work?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div id=\"row-1459394753\" class=\"row row-collapse row-full-width align-equal align-center\">\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner text-center\">\n<div class=\"is-divider divider clearfix\"><\/div>\n<div id=\"row-442114322\" class=\"row\">\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner text-center\">\n<div id=\"image_1046763947\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><img fetchpriority=\"high\" decoding=\"async\" class=\"attachment-large size-large ls-is-cached lazyloaded\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/qu%C3%A9-es-strike-by-Zap_Mesa-de-trabajo-1-1024x701.jpg\" sizes=\"(max-width: 1020px) 100vw, 1020px\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/qu\u00e9-es-strike-by-Zap_Mesa-de-trabajo-1-1024x701.jpg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/qu\u00e9-es-strike-by-Zap_Mesa-de-trabajo-1-300x206.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/qu\u00e9-es-strike-by-Zap_Mesa-de-trabajo-1-768x526.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/qu\u00e9-es-strike-by-Zap_Mesa-de-trabajo-1-1536x1052.jpg 1536w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/qu\u00e9-es-strike-by-Zap_Mesa-de-trabajo-1-2048x1403.jpg 2048w\" alt=\"c\u00f3mo funciona strike Bitnovo\" width=\"1020\" height=\"698\" data-srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/qu\u00e9-es-strike-by-Zap_Mesa-de-trabajo-1-1024x701.jpg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/qu\u00e9-es-strike-by-Zap_Mesa-de-trabajo-1-300x206.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/qu\u00e9-es-strike-by-Zap_Mesa-de-trabajo-1-768x526.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/qu\u00e9-es-strike-by-Zap_Mesa-de-trabajo-1-1536x1052.jpg 1536w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/qu\u00e9-es-strike-by-Zap_Mesa-de-trabajo-1-2048x1403.jpg 2048w\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/qu\u00e9-es-strike-by-Zap_Mesa-de-trabajo-1-1024x701.jpg\" data-sizes=\"(max-width: 1020px) 100vw, 1020px\" \/><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p><b><i>Strike is an application that allows Lightning payment transactions with just a debit card or bank account.\u00a0<\/i><\/b><i>However, its peculiarity is that instead of having to buy bitcoins to load their Lightning channels,<strong>\u00a0Strike users do not have to use BTC.\u00a0<\/strong><\/i><\/p>\n<p>In other words, you pay in fiat, but you use Lightning. If you want to convert fiat to bitcoin, you transact in Lightning and pay through Strike.<\/p>\n<p>According to Mallers, \u201cThis is important because Strike users are not exposed to volatility, tax consequences, custodial challenges, node management, channel management, etc. When a user makes a Lightning payment with Strike, their balance is debited. When a user receives a payment on Strike, their balance is credited.\u201d<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div id=\"banner-1533145955\" class=\"banner has-hover\">\n<div class=\"banner-inner fill\">\n<div class=\"banner-bg fill\">\n<div class=\"bg fill bg-fill bg-loaded\"><\/div>\n<\/div>\n<div class=\"banner-layers container\">\n<div class=\"fill banner-link\"><\/div>\n<div id=\"text-box-1220927259\" class=\"text-box banner-layer x50 md-x50 lg-x50 y50 md-y50 lg-y50 res-text\">\n<div class=\"text dark text-shadow-1\">\n<div class=\"text-inner text-center\">\n<p><b><i>Let\u2019s take a practical example: Paula wants to send \u20ac1,000 (balance available in the Strike App) to her friend Ana in France. Strike debits the required amount from the user\u2019s linked account or available balance and converts it into Bitcoin. Strike moves the Bitcoins on the Lightning network in less than a second and at no cost.<\/i><\/b><\/p>\n<p><b><i>Then, the same application automatically converts the bitcoins back into euros and will credit the user\u2019s account.<\/i><\/b><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h3><span class=\"ez-toc-section\" id=\"so_if_i_want_to_use_strike_what_do_i_have_to_do\"><\/span><b>So, if I want to use Strike, what do I have to do?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Well, to use Strike all you need to do is provide your name and a phone number and you\u2019re ready to go!<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"benefits_of_strike\"><\/span><b>Benefits of Strike<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p>In addition to using Strike to send money abroad, make purchases or simply to save our savings, this application has features that translate into great advantages and benefits:<\/p>\n<ol>\n<li aria-level=\"1\"><b>Strike does not have custody of funds.\u00a0<\/b>This means that Strike does not own the funds and private keys of its users and only stores their money.<\/li>\n<li aria-level=\"1\">In case of Bitcoin price volatility, Zap allows its users to make payments for the balance they have in their wallets, regardless of the bitcoin price. Thus, in case of loss,<strong>\u00a0we will not be affected by the volatility of the Bitcoin price.<\/strong><\/li>\n<li aria-level=\"1\">When creating an account on the platform,\u00a0<strong>Strike assigns its users an address<\/strong>\u00a0in the format strike.me\/[username]. Once this address is obtained, we can use it to receive, from any Bitcoin wallet, donations, tips and payments. Strike.me addresses are interoperable with any other Bitcoin wallet and\u00a0<strong>it is not necessary for the other party to be a Strike user<\/strong>\u00a0in order to receive money at that address. Although Strike is a product regulated by the relevant financial authorities,\u00a0<strong>it guarantees minimal KYC<\/strong>\u00a0(Know Your Customer) requirements. As I explained above, when you register you will only be asked for your name and phone number.<\/li>\n<\/ol>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"evolution_and_future_development_of_strike\"><\/span><b>Evolution and future development of Strike<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div id=\"row-813575544\" class=\"row\">\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner text-center\">\n<div id=\"image_1721510742\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><img decoding=\"async\" class=\"attachment-large size-large lazyloaded\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/strike-zapp-que-es-1024x576.jpeg\" sizes=\"(max-width: 1020px) 100vw, 1020px\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/strike-zapp-que-es-1024x576.jpeg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/strike-zapp-que-es-300x169.jpeg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/strike-zapp-que-es-768x432.jpeg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/strike-zapp-que-es.jpeg 1400w\" alt=\"strike zapp que es Bitnovo\" width=\"1020\" height=\"574\" data-srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/strike-zapp-que-es-1024x576.jpeg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/strike-zapp-que-es-300x169.jpeg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/strike-zapp-que-es-768x432.jpeg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/strike-zapp-que-es.jpeg 1400w\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/strike-zapp-que-es-1024x576.jpeg\" data-sizes=\"(max-width: 1020px) 100vw, 1020px\" \/><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p>After the launch of the beta version of the Strike App, which was only available in the United States, on January 6, 2021 the Zap company announced a big news: thanks to an agreement with the Bittrex exchange, the App now\u00a0<strong>supports users from more than 200 countries and goes global<\/strong>. Strike Global already incorporates trading with euros, pounds, Swiss francs and the Tether (USDT) and USDC stablecoins, bringing the\u00a0<a href=\"https:\/\/www.bitnovo.com\/\">Bitcoin<\/a>\u00a0asset and network to billions of people.<\/p>\n<p>The\u00a0<strong>advantages of Strike Global<\/strong>\u00a0include the following:<\/p>\n<ul>\n<li aria-level=\"1\">At present, transactions made through Strike are free of charge,<strong>\u00a0there are no direct commissions charged.<\/strong>\u00a0This is because the system is practically based on the existing Bitcoin exchange infrastructure, which makes transactions much faster and cheaper than traditional payment systems.<\/li>\n<li aria-level=\"1\">For users in countries with an underdeveloped banking system,\u00a0<strong>Strike allows them to keep their funds in Bitcoin or Tether<\/strong>\u00a0which can be exchanged into fiat money through other solutions (Crypto Atms, cryptocurrency exchange houses etc.).<\/li>\n<\/ul>\n<p>Regarding\u00a0<strong>future developments of the App<\/strong>, Zap\u2019s CEO reported that Strike is working to provide merchants with\u00a0<strong>tools to process contactless payments.<\/strong>\u00a0An enhanced electronic commerce system is also being implemented, along with a rewards program through partner merchants.<\/p>\n<p>In the first quarter of 2021, it expects to complete its public and private beta, as well as issue\u00a0<strong>a Strike Visa card in the United States<\/strong>. In the second quarter, it expects to launch its Strike Visa also in the European Union and the United Kingdom.<\/p>\n<p>Jack Mallers stated in an interview:<\/p>\n<blockquote><p>The combination of the Bitcoin network, the Lightning network and Strike allows anyone to send any amount of money, at any time, at no cost. We now have an open monetary network that can physically settle any amount of value, anytime, anywhere, at virtually no cost. Combine that with an app that allows you to use this open monetary network with your bank account and you have monumental innovation and pure disruption.<\/p><\/blockquote>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p>According to Maller,\u00a0<strong>this tool will allow mass adoption of cryptocurrencies,<\/strong>\u00a0because it allows the entire public to learn about this world.<\/p>\n<p>So, if you are interested in using this novel technology, all you have to do is download the\u00a0<a href=\"https:\/\/strike.me\/download\">Strike beta App<\/a>, now available for Android, iPhone and Chrome.<\/p>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 4<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span>Strike is an app that makes bitcoin\u2019s Lightning Network accessible to everyone. Developed by the Zap startup team,\u00a0Strike\u00a0acts as a bridge between traditional banking and Bitcoin. How does it do this? Well,\u00a0through a debit card or a bank account that allows its users to exchange Bitcoin and Lightning Network. Thanks to Strike, crypto lovers will [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":9187,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[185],"tags":[],"class_list":["post-9191","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-en"],"_links":{"self":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/9191","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/comments?post=9191"}],"version-history":[{"count":2,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/9191\/revisions"}],"predecessor-version":[{"id":24759,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/9191\/revisions\/24759"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media\/9187"}],"wp:attachment":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media?parent=9191"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/categories?post=9191"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/tags?post=9191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}