The Lightning Network is the solution to Bitcoin scaling. It will enable instant payments, fast transactions and low fees by allowing users to broadcast a payment instantly after receiving funds on their wallet, then settle that transaction with miners later. This process should create more capacity for everyone as it allows people who don’t have large amounts of BTC to still be able to use the network- even if they are just sending small payments back and forth.
Bitcoiners around the world will be able to pay with BTC at more US merchants. Bitpay has partnered with Shopify and Coinbase to bring Bitcoin payments to over 75,000 online shops.
Bitcoiners from all over the globe will be able to pay with BTC at a greater number of businesses in the United States.
Facts to remember:
Shopify, Blackhawk Network, and NCR are among Strike’s partners.
According to Jack Mallers, a number of companies will accept bitcoin as a form of payment this year.
Bitcoiners throughout the globe who want to use the Bitcoin Lightning Network (LN) to make purchases in the United States now have additional options. Strike, a bitcoin (BTC)-based payment network, has established a collaboration with two financial services companies and one e-commerce business, allowing more international consumers to access items on US land.
Jack Mallers, the payment gateway’s CEO and creator, made the news while speaking at the Bitcoin Conference 2022, where he praised Bitcoin as a genuinely inclusive and international payment network.
Strike teamed with e-commerce giant Shopify, NCR, one of the top businesses in point-of-sale implementation, and Blackhawk Network, a firm that works in the prepaid industry.
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Mallers said that Shopify now has the quickest and cheapest payment system (the Lightning network), which will provide businesses with a “more inclusive means of receiving payments.”
“We’re excited to join with Shopify to provide retailers a cheaper and quicker option to take US dollars utilizing Bitcoin technology,” Mallers added.
According to him, the connection for US Shopify merchants was created based on the “easy of use” of the apps to take payments, enabling them to receive bitcoins in the form of dollars for each transaction.
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Merchants will be able to take payments from all around the world and save money on processing costs, with ultimate settlement in cash dollars, thanks to the integration. The Lightning network will also let vendors to diversify their present payment alternatives and access global markets.
This is clearly intriguing for bitcoiners outside the United States, since they may buy items provided on the power trading site using any LN-enabled wallet.
/ Source: Bitcoin Magazine Via Twitter. Jack Mallers announced his company’s relationship with three firms in order to mass-adopt Lightning.
In-person transactions account for 80% of all transactions.
The majority of transactions in the United States are still done in person, according to Mallers. That is why his firm joined forces with the other two.
According to Mallers, Blackhawk Network is one of the world’s top payment providers, with over 400,000 active merchants and more than 37 thousand partners. They will, as he indicated, enable for the expansion of the use of new technologies for personal payment.
NCR, one of the major providers of financial goods and services, is in the same boat. They want to promote the usage of the Lightning network to pay for any merchandise in a regular shop via this firm.
According to Mallers, US bitcoiners will be able to pay with BTC at more than twenty linked retailers this year, including McDonald’s, Walmart, Starbucks, and Best Buy.
“This isn’t a foreign nation.” There isn’t a test pilot going on here. This will take place in the United States of America. You’ll be able to use Lightning to pay in a grocery store, Whole Foods, or Chipotle.”
Strike’s CEO and founder, Jack Maller.
Bitcoiners around the world will be able to pay with BTC at more US merchants. This is because of a partnership between BitPay and Shopify. With this partnership, online stores that accept bitcoin can now offer their services to customers in the United States.
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