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Shopify will soon accept payments in Bitcoin
Shopify will soon accept payments in Bitcoin
World News

Shopify will soon accept payments in Bitcoin

By Vincenzo Cacioppoli - 8 Apr 2022

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At the Miami conference, Shopify announces a new partnership with Strike to integrate into its Bitcoin Lightning Network platform.

Shopify ready to welcome Bitcoin thanks to a partnership with Strike

bitcoin lightning network
Shopify, thanks to the partnership with Strike, will soon support the Bitcoin Lightning Network

At the Bitcoin 22 conference being held these days in Miami, Strike announced the new partnership with e-commerce giant Shopify, to integrate Bitcoin Lightning Network into its platform.

The combination between Strike and Shopify could thus facilitate users who want to be able to spend their cryptocurrencies within the Shopify platform.

Shopify is the 18th largest e-commerce company in the world with about $4.6 billion in annual revenue, according to the Macrotrends market research site. Its service allows sellers to create an online store in 175 different countries.

Statements by the CEO of Strike

Strike CEO Jack Mallerssays his company is already actively collaborating with NCR, the world’s largest provider of digital payments via the POS system and the payment company Blackhawk.

Mallers at the Bitcoin 2022 conference said:

“You’ll be able to get into millions of American storefronts that connect to payment supporters and pay through the Lightning network. If we can help make the Bitcoin network more accessible and usable, we believe we can change the world.”

A press release from the company further explained the details of the agreement between the two companies by explaining that:

“Strike’s integration enables Shopify merchants to diversify their existing payment options and reach untapped global markets and purchasing power. Strike’s integration also allows Shopify merchants to generate savings through low-cost payment processing. By instantly converting bitcoin (BTC) payments to dollars, Strike removes certain complexities merchants face in holding Bitcoin.”

The CEO of Strike also said that he is working with some US politicians to discuss cryptocurrency industry regulation. He specifically mentioned the Republican senator Cynthia Lummis, known as crypto-friendly as well as an investor in Bitcoin.

Recently, senator Lummis proposed to modify the system of taxation of cryptocurrencies, creating a no tax area for transactions under 600 dollars.

Vincenzo Cacioppoli

Vincenzo was born in Genova but lived most of his life in Milan. He has a degree in political science. He is a journalist, blogger, writer, and marketing and digital advertising expert. After a long experience in traditional marketing, he started working with the web and digital advertising in 2011, creating a company called Le enfants. Passionate about the web and innovation, in 2018 he started exploring the topics related to blockchain technology and cryptocurrencies. Independent cryptocurrency trader since March 2018, he now collaborates with companies in the sector as a content marketing specialist. In his blog. mediateccando.blogspot.com, he has long been primarily focused on blockchain, which he considers to be the greatest technological innovation after the Internet. His first book about blockchain and fintech is scheduled for release in November.

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