Strike, a well-known payment platform based on the Lightning Network, has confirmed its integration with a Canadian multinational e-commerce company based in Ottawa, Ontario, Shopify. According to the official Press release released, merchants around the world will be able to use Bitcoin to make payments.
Integration with Strike
Jack Mallers, the founder and CEO of Strike, said in a statement that the integration with Shopify aims to provide a “cheaper and faster way to accept US dollars using Bitcoin technology.” He further added:
“The Lightning Network is a global payments network that lowers costs, improves speed, drives innovation, improves financial inclusion, and delivers the power of choice to consumers and merchants.”
Integrating with Strike will allow Shopify business owners to save costs and release or receive payments globally. In addition, this new functionality will allow companies to capture untapped markets and diversify their payment facilities. It was also revealed in the press release that users will also be able to “generate savings through low-cost payment processing.”
Expansion in progress
Kripteu Magazine recently reported that Strike App continues to grow. Recently, the payment company completed its expansion into Argentina, but it did not allow users to buy, sell, or trade Bitcoin on the app itself. It came as a disappointment to many users in the country who could only use USDT through the app.
On the other hand, the press release gave more information about the integration:
“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 ultimate cash payments while eliminating legacy processing fees like the exchange.”
It’s also important to note that Shopify’s integration with Bitcoin payment provider is part of a large-scale expansion.