Strike has obtained a BitLicense in New York, allowing it to provide Bitcoin financial services in the area.

CoinFeed reported on March 6th that, according to CoinDesk, Bitcoin payment company Strike has received a BitLicense and money transfer license from the New York State Department of Financial Services (NYDFS). This license allows Strike to provide services such as buying and selling Bitcoin, exchanging wages for Bitcoin, and using Bitcoin balances to pay utility bills, credit cards, and mortgages to individuals and businesses in New York. Strike states that its customers' Bitcoin and fiat currency balances will be held in escrow on a one-to-one basis, and it will not participate in lending or company operations. The company previously announced plans to launch a Bitcoin-collateralized lending business, allowing users to borrow fiat currency while holding BTC. The new license enables it to advance its expansion plans in one of the most regulated digital asset markets.