Strike CEO Jack MALLERS acknowledged the high fees for cryptocurrency purchases using a debit card, but noted that the firm is working to find a cheaper option. Payment company Strike extends its services globally, allowing users in over 35 countries to purchase BTC through its app using a debit card.
In a statement on Medium, Strike CEO Jack Mallers said the firm plans to launch the feature in the more than 65 countries where Strike is currently available. However, Strike customers outside the US will have to pay a 3.9% fee on their purchases. It’s worth noting that US Strike does not charge any fees for cryptocurrency purchases. Strike’s CEO acknowledged the problem, saying the firm would “find a way” to offer the new feature cheaper based on “transaction volume and other variables.”
Mallers added that Strike also plans to offer alternative payment methods such as bank deposits and cash, but did not provide an exact timeline. In addition to debit card purchases, Strike also announced a partnership with Bitrefill, an e-commerce crypto store, that will allow users to use fiat money, Tether (USDT), or BTC balance to purchase goods through the Lightning Network.
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