Strike introduces Shopify partnership and facilitates online bitcoin transactions

Strike introduces Shopify partnership and facilitates online bitcoin transactions

In a step to revive the payment processing industry, which, according to Strike CEO Jack Mallers, has announced on Thursday for 55 years, the company has announced a partnership with Shopify to facilitate Bitcoin-to-cash payments via Lightning Network.

The setup is now with the Streetwear designer Warren Lotas, based in Los Angeles, and it is planned to add more dealers in the coming months, said Mallers at the Bitcoin 2022 conference in Miami.

Mallers shouted against a "boomist" credit card system that began not to carry "rich guys" around with him to buy caviar in high-end restaurants in Manhattan, and postulated Bitcoin as a solution for fees, transfer times and billing problems that plague the traditional financial system.

Strike-a digital payment platform based on the Lightning network-is not satisfied with targeting the online payment market, but has also decided to enable personal transactions via Lightning, which are connected to the Bitcoin wallet of the user. The company has teamed up with the alternative payment processor Blackhawk and the point-of-sale provider NCR to facilitate such transactions.

casually dressed with his typical hat, Mallers presented himself through laughter and obscene as "only this child from Chicago" in a blatant contrast to the buttoned CEOs of the traditional financial world.

"In reality, payment networks have no more innovations for over 50 years," said Mallers. "It's crazy ... that's ridiculous."

Mallers also worked with political heavyweights, including the Bitcoiner Sen. Cynthia Lummis, R-Wyo. To "do this".

The idea is to introduce personal Bitcoin payments from numerous retailers, including chipotle, whole foods and Walmart.

There is still no word about whether the companies have chosen the proposal - or a reaction of the old school's payment caps who rely on fees for the transfer of money. The transactions of strike, which are processed immediately, reduce the parties from five to two: the buyer and the seller.

"Everyone can build everything, man," said Mallers. "Everyone can build everything."

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The contribution Strike Rolls Out Shopify Partnership, Facilitates Online Bitcoin Transactions is not a financial advice.