Bitcoin disrupts e-commerce – Since the launch of Strikethis payment service facilitates and popularizes payments through the Lightning Network (LN) of the ecosystem of Bitcoin (BTC). This time it’s a partnership signed with the e-commerce giant Shopify which will allow more and more democratize trading in BTC.
Lightning-fast payments with Bitcoin’s Lightning Network
Strike bases its ultra-fast payment system on the Lightning Networkwhich is a second layer solution (layer 2) of the blockchain network of Bitcoin. This allows users to transact in BTC almost instantaneousand for almost zero costs.
In a press release published on April 7, 2022, Strike announces its association with the merchant website giant Shopify. This partnership will allowintegrate BTC payments, via the Lightning Network, to e-commerce sites using Shopify. And these are legion.
Currently limited to US-domiciled Shopify merchants, the service will allow them to receive bitcoin payments from customers around the world. These payments will be instantly converted into dollars Americans.
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Bitcoin and LN, to diversify and modernize payment methods
This Strike integration will allow merchants, and their customers, to have a alternative expensive (and aging) traditional bank card networks like Visa and Mastercard.
Indeed, in addition to the speed of the Lightning Network, Strike’s solution (with on-the-fly dollar conversion) willavoid fees traditional credit card processing methods, and in particular their exchange fees.
This Strike integration in Shopify will be accessible to any consumer in the world who has a wallet compatible with the Lightning Network. In particular the 70 million users of Block’s CashApp (formerly Square).
“We are proud to partner with Shopify, to provide merchants with a cheaper and faster way to accept US Dollars using Bitcoin technology. (…) The Lightning Network is a global payments network that lowers costs, improves speed, drives innovation, improves financial inclusion, and brings the power of choice to consumers and merchants. »
Jack Mallers, Founder and CEO of Strike
Besides Strike today, e-commerce specialist Shopify seems take a close interest to the many potentials of the cryptocurrency universe. Indeed, in December 2021, Shopify had already announced another crypto-partnershipin order to offer its merchants the ability to create and sell NFTs (non-fungible tokens) thanks to GigLabs NFT.
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