Yo. Today is the day. And even though much of my post will be about today, it’s important to quickly address how we got here. Strike is the direct result of years of Bitcoin + Lightning development, countless hours of user research, intense product iteration, and months of BETA testing. The numerous sessions with regulators, unnumbered conference calls with lawyers, infinite meetings with banking partners, and many sleepless nights have all led us to today.
Today, Strike is available to download on iOS, Android, and Chrome. Strike allows anyone in the world to interact with the Bitcoin and Lightning Network protocols using only a bank account and/or debit card. You don’t need a wallet, a node, a seed, channels, liquidity, fancy swaps, whitepapers, and so on to interact with this new global digital economy. Simply download, link your bank account, and scan. You can find our download links and learn more at our updated website at beta.strike.me.
Our vision for Strike is unornamented and inelastic; we want to build an application with the ambition to usher in an era of Bitcoin that we believe can achieve our goal of true mainstream adoption. What does commerce look like in a world where legacy finance is interoperable with this new global value transfer protocol known as Bitcoin? A world where a full node and a checking account speak the same language? A world where a debit card and a BTCPay server are friends? A world where the line between BTC and USD no longer exists? We wanted to see for ourselves what that world would look like. Enter Strike.Regulatory
Our first hurdle to overcome in pursuing our goals was to address the age-old pain point that has plagued Bitcoin for years; KYC/AML. Strike is a regulated financial product. Because we allow users to interact with both fiat currency and Bitcoin, we are required to comply with KYC/AML laws. However, the question we had was, how much KYC/AML is “good enoug...