The company established a headquarters in El Salvador for its worldwide entity as it expanded its application to greater than 65 countries last week.
Digital payments company Strike has established a new headquarters in El Salvador for its international entity that could serve as a beachhead as it expands to greater than 65 countries.
On the other hand, Strike reveals its primary headquarters is still in Chicago, regardless of regulatory uncertainty that has caused other cryptocurrency corporations like Bittrex to exit the United States market.
Strike has a United States entity that oversees operations in the domestic market, likewise as the El Salvador-based entity to oversee worldwide operations.
Strike CEO Jack Mallers announced the El Salvador headquarters during his keynote speech at the Bitcoin (BTC) 2023 conference in Miami Beach, Florida, last week.
During his speech at the conference, Mallers juxtaposed the Bitcoin-friendly environment in El Salvador with what he stated as a climate of regulatory uncertainty in the U.S.
“We’re living in a country at this time where the SEC is fighting with Brian Armstrong,” Mallers stated – likely referencing the Wells notice Coinbase Crypto exchange received in March from the Securities and Exchange Commission (SEC). “And we’re going worldwide, headquartered out of El Salvador. It’s really f*cking awesome, it’s really a beautiful thing.”
Armstrong, CEO of digital currency exchange Coinbase Crypto exchange, recently indicated that his company would consider moving out of the United States if the regulatory uncertainty persists. It’s unclear if Strike would do the same.