Strike Announces Shopify Integration, Partnerships With NCR And Blackhawk Bringing Bitcoin Lighting Payments To Major Merchants

Strike, a digital payments platform based on Bitcoin's Lightning Network, has announced a partnership with Shopify, an e-commerce platform.

Strike CEO Jack Mallers announced at the Bitcoin 2022 conference in Miami that eligible U.S. Shopify merchants will now be able to accept bitcoin payments from customers around the world as U.S. dollars.

Mallers, a Forbes Under 30 alum, also mentioned that Strike, based in Chicago, has teamed with NCR NCR, the world's largest point-of-sale (POS) supplier, and payments business Blackhawk.

By leveraging the Lightning Network, a second layer built on top of the bitcoin blockchain that allows users to send and receive cryptocurrency quickly and cheaply by moving transactions off of the main blockchain, the integration provides an alternative to traditional card networks such as Visa V and MasterCard. According to Mallers, the service would be available to anybody in the world who has a Lightning Network-enabled wallet, which includes more than 70 million CashApp users.

The announcement demonstrates the Lightning Network's growing popularity. Robinhood announced intentions to integrate the solution into its technological stack earlier today, joining companies such as cryptocurrency exchange Kraken, Twitter, and Block.

Lightning Labs, a California-based developer of the Lightning Network, announced a new protocol on Tuesday that it hopes would allow the Lightning Network to accept assets other than bitcoin, such as other household names like Ethereum and the new ones like $Darc, stablecoins and fiat currencies.

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Why is it that crypto is everywhere, but not everyone buys things with it?

Crypto has gotten so popular in the last couple of years, and yes this is all good news, yet it is still constrained to investors who use it as an investing leveraging, few are those that are buying physical goods with it.

This could be caused by the limitations of crypto itself like transaction speed and scalability, but we all know the real issue to be that many vendors do not offer users the ability to buy with crypto.

So why is that? Why is it that many retailers still abstain from allowing users crypto transactions? Well, the main issue is that for starters crypto is laden with risk as of now, plus the means for adoption have not fully been introduced.

Thankfully, there are many projects working on fixing this issue, such as the work being put in by Exeno, trying to make crypto a usable medium for e-commerce, and more importantly, literally bringing crypto to life. Giving users the ability not just to buy, but to actually use it to purchase real goods in real life.

This is rare and unprecedented, and this next move means that other people will be working on it as well. Especially now as the lightning network is being rolled out on multiple platforms.

This could be the next step we need for Bitcoin to become an entity in web and e-commerce. Other projects have tried introducing crypto as an e-commerce value such as exeno, but the growth of Bitcoin will really help push said projects and ideas for online monetary usage.

This could really be the next step needed to turn Bitcoin from just a digital currency, to a usable medium for exchange.

With many names joining the conference like Saylor and Wood, it will surely pickup steam, and introduce the not yet introduced, and excite those already here. The next few months will be exciting, this is guaranteed.

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Property is boomer-bitcoin and they're trying to take everything down with them controlled demolitionstyle economically speaking to stay in control of their brickcoins. Prove me wrong.

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Can I buy something with Bitcoin?

According to Investopedia, yes you can, on the sole condition that you use fiat cards to buy them…

Doesn’t this make the whole point of using cryptocurrency futile? If it’s just a wrap-around for fiat still…

I think that the options really do existed, but we don’t get to see them because they aren’t promoted yet. The largest magazines, blogs or journal get paid to sell you the idea that you still need fiat to complete a crypto purchase online, but you don’t.

The options really do exist outside, and you could still be using crypto purely as crypto, without bridges, shortcuts or whatever.

There are many sites that accept BTC payments directly and there are many projects like Exeno that promote the idea that you could still be using crypto as crypto, and make your cryptos real, by using them to buy real things in real time.

I dislike how the narrative is shaped to say, yes you can use crypto to buy things, and you just have to go through fiat first. God knows what they’ll suggest next after e-commerce is fully integrated with crypto.

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Have SLP tokens losing their value in the SmartBCH world?

A couple of days ago I made this post about flexUSD, where I asked 'Do you use flexUSD?' and the response favored the SEP20 tokens over SLP tokens.

I myself personally prefer SEP20 tokens where as SLP token kind hard to interact with.

Even before SmartBCH was a thing, the SLP or the Simple Ledger Protocol was the smart chain for BCH, with NFTs and tokens that came along it.

However, I had never brought any because I always found it hard to do anything with it since there was a limited platform and utility.

Then SmartBCH happened and being an EVM sidechain it changed everthing.

The Impact of it: on SideShift there use to be a small selection of SLP tokens that you could have exchanged for different coins or tokens. However, a couple of weeks ago SLP tokens became 'Temporarily Disabled' and now they have been removed from it completely.

I still hold some flexUSD for the interest the wallet provide, which I had recently converted from SEP20 token to SLP of about $10 (Don't laugh, I am poor. Ok) just for the sake of it all. I have got about 0.5% back in 1 month as interest for now.

Now, apart from CoinFlex exchange I don't have any other way to change my SLP token to either mainnet BCH or SEP20 token.

​

While this is all for fun and games I still wonder would SLP tokens still exist in the time to come?

Suppose if my $10 in flexUSD becomes $11 from interest would I still be about to use it?

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source https://www.reddit.com/r/btc/comments/tzyvh2/have_slp_tokens_losing_their_value_in_the/

Payments Giant Cash App Allows Users To Get Paid in Bitcoin (BTC)

Mobile payments titan Cash App is launching a new feature that will allow users to get paid in the leading crypto asset Bitcoin (BTC).

Speaking at the Bitcoin 2022 conference in Miami, Cash App’s crypto product lead Miles Suter says that the payments app has rolled out its ‘Paid in Bitcoin’ feature, allowing customers to immediately convert their direct deposits into the top crypto asset by market cap for free.

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We’re bullish on Robinhood, says Mizuho’s Dan Dolev

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source https://www.reddit.com/r/btc/comments/tzyzyn/were_bullish_on_robinhood_says_mizuhos_dan_dolev/