{"id":230749,"date":"2022-04-07T23:37:36","date_gmt":"2022-04-07T22:37:36","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=230749"},"modified":"2023-05-25T02:13:59","modified_gmt":"2023-05-25T01:13:59","slug":"strike-joins-shopify-in-massive-push-for-bitcoins-lightning-network-adoption","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/strike-joins-shopify-in-massive-push-for-bitcoins-lightning-network-adoption\/","title":{"rendered":"Strike joins Shopify in massive push for Bitcoin\u2019s Lightning Network adoption"},"content":{"rendered":"<p>At the Bitcoin 2022 conference in Miami today, Jack Mallers, the CEO of peer-to-peer payments app Strike, announced an integration with e-commerce giant Shopify that would allow merchants to receive faster and cheaper Bitcoin transactions via the Lightning network.<\/p>\n<p>According to an accompanying <a href=\"https:\/\/www.businesswire.com\/news\/home\/20220407005830\/en\/Strike-Launches-Shopify-Integration-Bringing-Bitcoin-Lighting-Payments-to-Merchants\">press release<\/a>, the new integration will unlock \u201cthe ability for eligible U.S. Shopify merchants to receive Bitcoin payments from customers globally as U.S. dollars\u201d via Lightning Network. Mallers announced :<\/p>\n<blockquote><p>\u201cWe're proud to partner with Shopify to provide merchants with a cheaper and faster way to accept U.S. dollars using Bitcoin technology. The Lightning Network is a global payments network that lowers costs, enhances speed, drives innovation, improves financial inclusion, and brings the power of choice to consumers and merchants.\u201d<\/p><\/blockquote>\n<h2>Bringing Lightning to the masses<\/h2>\n<p>The Lightning Network is a so-called Layer-2 payment and communication protocol built on top of the Bitcoin blockchain. The solution allows transactions to be processed off-chain, taking the load off the mainnet and improving the network\u2019s scalability.<\/p>\n<p>As a result, payments made via the LN can be processed not only faster but also cheaper thanks to lower fees. Strike\u2019s press release further explained:<\/p>\n<blockquote><p>\u201cWith the Strike integration, Shopify merchants can accept payments globally and save costs on processing fees, with cash-final settlement. Strike's integration enables Shopify merchants to diversify their existing payment options and reach untapped global markets and purchasing power.\u201d<\/p><\/blockquote>\n<h2>&#8216;The right to build freely'<\/h2>\n<p>Additionally, the integration would help merchants \u201cgenerate savings through low-cost payment processing\u201d and avoid \u201ccertain complexities\u201d they \u201cface in holding Bitcoin.\u201d Notably, the new payment options will be \u201caccessible by any consumer in the world with a Bitcoin Lightning Network-enabled wallet, including more than 70 million CashApp users.\u201d<\/p>\n<p>\u201cIf we can help make the Bitcoin network more accessible and usable we believe we can change the world,\u201d Mallers continued, adding:<\/p>\n<blockquote><p>\u201cThere\u2019s not been since 1949 a superior payments network that allows us to innovate. Let\u2019s build the superior payments network from scratch\u2026This is about America and we need to protect our ability to innovate.\u201d<\/p><\/blockquote>\n<p>Mallers also revealed that he has been working with policymakers such as U.S. senator Cynthia Lummis, who is known for her positive sentiments toward Bitcoin, \u201cto ensure that we have the right to build freely in this country.\u201d<\/p>\n<p>As <i>CryptoSlate<\/i> reported, despite numerous irrefutable benefits the Lightning Network offers, it arguably <a href=\"https:\/\/cryptoslate.com\/despite-major-growth-in-2021-the-lightning-network-still-remains-a-niche-product\/\">still remains a niche product<\/a> since it requires users to be somewhat tech-savvy to use. But it looks like the tide is turning as BitPay, another major crypto payment service provider, similarly <a href=\"https:\/\/cryptoslate.com\/bitpay-integrates-lightning-network-to-enable-low-cost-bitcoin-transactions\/\">added support for the Lightning Network<\/a> just yesterday, April 7.<\/p>\n<p>With both Strike and BitPay now allowing users to easily access the new payment method, the Lightning Network may finally see an explosion of mass adoption.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>At the Bitcoin 2022 conference in Miami today, Jack Mallers, the CEO of peer-to-peer payments app Strike, announced an integration with e-commerce giant Shopify that would allow merchants to receive faster and cheaper Bitcoin transactions via the Lightning network. According to an accompanying press release, the new integration will unlock \u201cthe ability for eligible U.S. [&hellip;]<\/p>\n","protected":false},"author":472,"featured_media":230753,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,78564,60208],"tags":[60786],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Strike joins Shopify in massive push for Bitcoin\u2019s Lightning Network adoption<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/strike-joins-shopify-in-massive-push-for-bitcoins-lightning-network-adoption\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Strike joins Shopify in massive push for Bitcoin\u2019s Lightning Network adoption\" \/>\n<meta property=\"og:description\" content=\"At the Bitcoin 2022 conference in Miami today, Jack Mallers, the CEO of peer-to-peer payments app Strike, announced an integration with e-commerce giant Shopify that would allow merchants to receive faster and cheaper Bitcoin transactions via the Lightning network. According to an accompanying press release, the new integration will unlock \u201cthe ability for eligible U.S. [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/strike-joins-shopify-in-massive-push-for-bitcoins-lightning-network-adoption\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-07T22:37:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-25T01:13:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/04\/strike-bitcoin-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Liam Frost\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Liam Frost\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/strike-joins-shopify-in-massive-push-for-bitcoins-lightning-network-adoption\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/strike-joins-shopify-in-massive-push-for-bitcoins-lightning-network-adoption\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/liam-frost\/#person\",\"name\":\"Liam Frost\",\"url\":\"https:\/\/cryptoslate.com\/author\/liam-frost\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/liam-frost\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/liam-frost\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/03\/author-liam-frost-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/03\/author-liam-frost-300x300.jpg\",\"caption\":\"Liam Frost\"},\"jobTitle\":\"Reporter\",\"description\":\"Liam Frost is a freelance journalist and editor with over 15 years of experience working for various media outlets across the world. 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