Shopify Partners Strike; Merchants accept bitcoin

On Thursday, Strike CEO Jack Mallers announced a series of strong partnerships at the Bitcoin 2022 conference in Miami, including collaborations with Shopify, NCR and Blackhawk Network.

Strike, a digital payments platform built on Bitcoin’s Lightning Network, has announced a partnership with Canadian e-commerce giant Shopify. The partnership will allow Shopify online card transactions to process bitcoin payments using the Bitcoin Lightning Network.

Through the Lightning Network, Shopify merchants will now be able to receive bitcoin payments from customers globally such as the US dollar, helping to diversify their payment options, access new global markets, and increase their purchasing power around the world. Strike integration.

Strike Jack CEO said. “We are proud to partner with Shopify to provide merchants with a cheaper and faster way to accept US dollars using Bitcoin technology.”

Mallers, a bitcoin enthusiast and supporter of the Lightning Network, spoke to a crowded audience in the main stage of the Miami Beach Convention Center. Share with the attendees: “You will be able to enter millions of US storefronts that connect to checkout and checkout columns through the Lambo Network.”

NCR / Blackhawk Partnership

Forbes 30 Under 30 alum also noted that the Chicago-based payment platform has partnered with NCR, the world’s largest point-of-sale (POS) provider, and Blackhawk, a payment company.

Leveraging the Lightning Network, the integration offers an alternative to traditional credit networks such as MasterCard or Visa. This allows users to send and receive cryptocurrencies quickly and inexpensively, taking transactions off the main block chain. Mallers also revealed that the service will be available to anyone with a wallet that supports the Lightning Network.

Major retailers welcome Strike with open doors

After Maller’s announcement, major retailers including Walmart, Macy’s, Starbucks, Home Depot, Chick-Fil-A and Best Buy were quick to welcome Strike on board. The CEO says that more than 400,000 stores will now begin accepting Bitcoin via the Lightning Network, significantly reducing overhead costs.

“This is about America and we need to protect our ability to innovate,” Mallers explained. He was highly critical of the current financial system’s inability to innovate. “There hasn’t been a premium payment network since 1949 that allows us to innovate, build on financial inclusion, and provide services that are cheaper and faster. My grandfather used the same technology I do.”

Dorsey, fascinated by theft

There was generous support for Mallers’ offer, with Block CEO Jack Dorsey publicly expressing his support. CNBC host and Crypto Banter founder Ran NeuNer also took to Twitter: “I don’t think anyone understands the true scale of the jackmallers announcement today. It changes everything,” he said.

Mallers’ announcement could also lead to an increase in the adoption of the mainstream Lightning Network. On Tuesday, Robinhood (HOOD) announced that its new wallet will allow bitcoin transactions on the Lightning Network, while Lightning Labs announced the opening of the Lightning Network for both stablecoins and fiat currencies via the Taro protocol.

Another app from the Lightning Network is Strike Integration with Twitter, which will allow creators to receive tips through a Tip Jar from users who can send payments without paying the first tier fee.

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