Strike CEO Acknowledges High Fees for Crypto Purchases with Debit Card
Strike CEO Jack Mallers has acknowledged the high fees associated with purchasing crypto using a debit card through the Strike app. However, he emphasized that the company is actively working to find a more cost-effective solution for users.
The company is expanding its services globally, allowing users in over 35 countries to buy Bitcoin with a debit card through its app. Mallers revealed plans to launch this feature in more than 65 countries where Strike is currently available.
Non-U.S. customers will incur a 3.9% fee on their purchases, while U.S. customers will not be charged any fees for buying crypto through Strike. Mallers assured users that the company is committed to finding a way to offer this feature at a lower cost based on transaction volume and other variables.
Strike also intends to introduce alternative payment methods, including bank deposits and cash, in the future.
In addition to debit card purchases, Strike has partnered with Bitrefill to enable users to use fiat, Tether (USDT), or BTC balance to purchase goods with the Lightning Network.
Hot Take: Strike’s Commitment to Improving User Experience
While acknowledging the high fees for non-U.S. customers, Strike CEO Jack Mallers reaffirmed the company’s dedication to delivering a better product and overall Bitcoin experience for its global user base. With plans to expand payment options and explore cost-effective solutions, Strike aims to maintain its competitive edge in the crypto payments industry.
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