Strike Secures BitLicense, Expanding Bitcoin Services in New York
- Strike received a BitLicense and money transmitter license from the New York State Department of Financial Services.
- The approval allows Strike to operate in one of the U.S.’s most regulated digital asset markets.
- Services include buying and selling bitcoin, salary deposits converted into bitcoin, and bill payments from a bitcoin balance.
- Users can convert up to 100% of direct-deposited wages into bitcoin with waived fees on deposits up to $20,000 monthly.
- Customer bitcoin and cash balances are held one-to-one and not used for company operations.
This milestone enables Strike to offer a range of financial services centered around bitcoin, including innovative tools like recurring purchases and price-triggered orders. The company aims to expand its offerings further by introducing bitcoin-backed lending in the future.
With the new licenses, Strike is positioned to provide comprehensive bitcoin financial services across New York, enhancing access for users in a tightly regulated environment. (Source)
