Strike company ShopifyIts partnership with the Blackhawk Network and NCR will allow people to use Bitcoin much more widely, eliminating traditional payment system monopolies.
Popular payment network Strike; Shopify has entered into an integration agreement with alternative payment processor Blackhawk Network and point-of-sale provider NCR. Bitcoin (BTC) made it easier for them to pay with
A second layer built on top of the Bitcoin blockchain, the Bitcoin Lightning Network will quickly convert BTC payments to dollars, freeing traders from the complexities associated with actually holding Bitcoin.
Crypto Adoption Gains Speed
With this agreement, the adoption of the Lightning Network and therefore cryptocurrencies will accelerate.
Making a statement on the subject, Strike CEO Jack Mallers said that any website that uses Shopify online card transactions can make BTC payments. Lightning NetworkConfirmed that you can use . Since this service will be available to anyone with an LN-capable wallet, Shopify will be able to leverage previously untapped global markets and purchasing power, as well as save money with low-cost payment processing.
Bitcoin adoption is expected to gain incredible momentum as the integration with Strike begins to roll out to retailers like Walmart and McDonald’s. If this happens, the volatility in price will also decrease.
Merchants will be able to interact with the Bitcoin network and users will be able to shop privately and without permission across the United States, taking advantage of the cheap, instant and open access that Bitcoin offers. According to Mallers, more than 400,000 stores will now accept Bitcoin with LN.
Do you think these integrations can have a big impact on the future of cryptocurrencies, especially Bitcoin?
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.