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 “the ability for eligible U.S. Shopify merchants to receive Bitcoin payments from customers globally as U.S. dollars” via Lightning Network. Mallers announced :
“We’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.”
Bringing Lightning to the masses
The Lightning Network is a so-called Layer-2 payment and communication protocol built on top of the Bitcoin blockchain. Th
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