The parent firm of Strike, the Bitcoin-focused fintech founded by Jack Mallers, has been granted a BitLicense by the New York Department of Financial Services (NYDFS), according a list of approved entities from the regulator.
Strike’s parents company, Zap Solutions, Inc., received a Virtual Currency and Money Transmitter Licenses in February, per the NYDFS website.
This approval allows Strike to expand its operations into New York state, a key market for financial services. Strike is known for leveraging the Lightning Network for Bitcoin transactions.
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