<p></p>
<p>"Users using Strike have to complete KYC. Once KYC'd they can also buy Bitcoin directly with Strike by converting their USD to BTC."</p>
<p>I was under the impression users deposit cash on to Strike and stay in cash. Think of Venmo, for example, users can deposit cash into their accounts and make payments with that cash to others. The difference with Strike, as I understand it, is when a cash payment is sent the receiver gets bitcoin instead. However, the Strike user never has to touch bitcoin. Strike doesn't even display cash balance on the app in bitcoin. The user does not buy bitcoin or convert USD to BTC.</p>

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