CHICAGO–(BUSINESS WIRE)–April 12, 2022–
Strike, the world’s first digital payments platform based on Bitcoin’s Lightning Network, today announced its integration with Shopify, allowing eligible US Shopify merchants to receive bitcoin payments from customers around the world in US dollars. .
“We’re proud to partner with Shopify to provide merchants with a cheaper, faster way to accept US dollars using Bitcoin technology,” said Jack Mallers, Founder and CEO of Strike. He continued, “The Lightning Network is a global payments network that lowers costs, improves speed, drives innovation, improves financial inclusion, and empowers consumers and merchants to choose.
Payments Modernization
The Shopify Merchant Integration, designed with ease of use in mind, makes it easy for merchants to accept bitcoin dollar payments.
With the Strike integration, Shopify merchants can accept payments worldwide and save on processing fees, with final settlement in cash. The Strike integration allows Shopify merchants to diversify their existing payment options and reach untapped global markets and buying power. The Strike integration also allows Shopify merchants to generate savings through low-cost payment processing. By instantly converting bitcoin payments to dollars, Strike removes some of the complexities merchants face in holding bitcoins.
The Strike integration provides an alternative experience to traditional card networks by leveraging the underlying technology of the Bitcoin Lightning Network to enable instant, global, and final cash payments while eliminating legacy processing fees like interchange. The Strike integration is available to any consumer worldwide with a Bitcoin Lightning Network-enabled wallet, including over 70 million CashApp users.
Strike Commerce expansion is underway
Strike’s initial merchant partners include Warren Lotas, a Los Angeles-based streetwear brand that focuses on creating high-quality pieces with unique hand-drawn artwork by Warren himself (www.warrenlotas.com). Any merchant interested in using Strike can visit merchants.strike.me to request early access. The launch of an integration on the Shopify platform is part of Strike’s plans for broader expansion of bitcoin acceptance for online and in-store commerce.
About the strike
Strike allows users to send and receive payments anywhere, instantly, at no additional cost. Strike is built on the Bitcoin network, the largest global, interoperable and open payment standard. Strike believes that open payment networks enable universal participation in the financial system, ushering in a new digital economy with truly borderless money transfers. Strike leverages Bitcoin’s open payment network to bring users the world’s first peer-to-peer payment app and a new bitcoin-native financial experience. Learn more at www.strike.me. Strike can be downloaded from the App Store, Play Store or Chrome Web Store.
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CONTACT: Remi Lederman
KEYWORD: ILLINOIS UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: SOFTWARE FINANCE PROFESSIONAL SERVICES TECHNOLOGY E-COMMERCE MOBILE/WIRELESS COMMERCIAL OTHER TECHNOLOGIES
SOURCE: Strike
Copyright BusinessWire 2022.
PUBLISHED: 04/12/2022 1:46 PM / DISK: 04/12/2022 1:46 PM
http://www.businesswire.com/news/home/20220407005830/en
Copyright BusinessWire 2022.
