The company established a headquarters in El Salvador for its worldwide entity as it expanded its application to greaterย 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 greaterย than 65 countries.
Onย theย otherย hand, Strike reveals its primary headquarters isย still in Chicago, regardlessย of regulatory uncertainty that has caused other cryptocurrency corporations like Bittrex to exit the Unitedย States market.
Strike has a Unitedย 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 Bitcoinย (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.
โWeโre living in a country atย thisย time where the SEC is fighting with Brian Armstrong,โ Mallers stated โ likely referencing the Wells notice Coinbaseย Cryptoย exchange received in March from the Securities and Exchange Commission (SEC). โAnd weโre going worldwide, headquartered out of El Salvador. Itโs really f*cking awesome, itโs really a beautiful thing.โ
Armstrong, CEO of digitalย currency exchange Coinbaseย Cryptoย exchange, recently indicatedย that his company would consider moving out of the Unitedย States if the regulatory uncertainty persists. Itโs unclear if Strike would do the same.
Bradley Keoun.
