In addition to moving its worldwide headquarters to El Salvador, Strike, a Chicago-based Bitcoin payment service provider, increased the number of nations it serves to 65. The mobile app was only usable prior to its expansion in Argentina, El Salvador, and the United States.
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The expansion campaign, in the words of Jack Mallers, CEO and founder of Zap, the parent business of Strike, is intended to fight the “clouded world of crypto exchanges and hidden, unregistered licensing regimes and 1,000 different coins”. Speaking to Fortune, Mallers revealed that the move to relocate its headquarters to El Salvador was a response to the growing anti-crypto regulatory sentiments in the U.S.