“Any online merchant that uses Shopify can accept payments without the 1949 boomer network, receive it instantly, cash final, no intermediary no 3% fee”<\/p><\/blockquote>\n
During the presentation, a slide appeared listing some of the biggest retailers in America, including McDonald's, Walmart, Home Depot, and Best Buy. According to their websites, Blackhawk<\/a> and NCR<\/a> also serve Starbucks, Chipotle, El Corte Ingles, Lowe's, Staples, Woolworths, and thousands of other global retailers.<\/p>\n We will have to wait for more details to understand exactly when and how some of these retailers will start accepting Bitcoin. However, Maller claims that over 400,000 storefronts will now accept Bitcoin via the Lightning Network.<\/p>\n Over the past few weeks, Robinhood, Kraken, and Bitpay have integrated the Lightning Network. The Lightning Network is a layer two solution for the Bitcoin blockchain that uses smart contracts to settle payments instantly with meager fees.<\/p>\n It promotes using Bitcoin as a digital currency rather than concentrating solely on its function as digital gold. Much focus has been on Bitcoin acting as an inflation hedge and a competitor to gold.<\/p>\n The Lightning Network allows Bitcoin to scale to also compete with every fiat currency on the planet. Instantly settling payments with close to 0% fees is hard to compete against. Maller has just announced a significant step forward in adopting cryptocurrencies as a day-to-day payment solution. There has been plenty of support for Mallers' presentation, with Twitter's Jack Dorsey publicly sending his support.<\/p>\n thank you @jackmallers<\/a>. you're an incredible inspiration.<\/p>\n — jack\u26a1\ufe0f (@jack) April 7, 2022<\/a><\/p><\/blockquote>\n\n
![\"maller](\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/04\/FPxaHlMXwAoKvos.jpeg\")
The Lightning Network adoption<\/h2>\n
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