The cryptocurrency space is open to new projects, collaborations, and partnerships that expand the usability and concept of blockchain technology among consumers. This is why more platforms are coming on board with the ideology of digital assets. In a recent development, the global leading digital payments platform, Strike, has announced its integration with Shopify.
Strike was created on Bitcoin’s Lightning Network. Its integration with Shopify will enable merchants to receive BTC payments from global consumers. This newly introduced feature will help Shopify merchants to scale their business globally. Meanwhile, it will also encourage the use of digital assets as a payment mechanism.
Strike offers lightning powered Bitcoin payments for big merchants
The new feature from Strike is designed to allow merchants to accept BTC payments easily. Also, it will offer low-cost, and instant transactions by prioritizing innovation in its financial service model. This is another step in modernizing the global payment and transaction structure through the use of cryptocurrencies, like Bitcoin.
The announcement was made by the CEO of Strike, Jack Mallers, at the Bitcoin 2022 conference in Miami. He also said that the new partnership is made with the payment provider Blackhawk Network, 400,000 storefronts, and 37,000 partners. He further added, “If we can help make the Bitcoin network more accessible and usable, we believe we can change the world.”
"Strike has partnered with major alternative payment provider Blackhawk Network, 400,000 storefronts, 37,000 partners" – Jack Mallers pic.twitter.com/K55SsL0RkT
— Bitcoin 2022 (@TheBitcoinConf) April 7, 2022
Consumers can now utilize lightning-powered payments online and in-store for several merchants. Apart from Shopify, it covers McDonald’s, Walmart, Macy’s, Chick-Fil-A, Wendy’s, and many more renowned brands and companies. This is a significant step forward for the crypto world, as users can now conveniently walk into several grocery stores and pay via Bitcoin.
Strike is providing consumers an alternative to traditional card networks. They can now utilize the Bitcoin Lightning Network technology for fast, efficient, and cheaper payments. The service can be availed by over 70 million CashApp users and any other user with a wallet that supports Bitcoin Lightning Network.
The Lightning Network is a Layer-2 payment and communication protocol that is built on the Bitcoin blockchain. Transactions on this network are processed off-chain. Thus, it takes the load off the mainnet. It also improves the scalability of the network and makes it more efficient.
The feature from Strike is helping Shopify and other merchants increase and diversify their payment options. Thus, it is a major step forward in making the business world compliant with the emerging concept of crypto and blockchain.
