• Strike has partnered with Fiserv to integrate Bitcoin’s lightning network with the point-of-sale terminal provider, Clover.
• This will allow certain Clover merchants to accept lightning payments, expanding Bitcoin’s use case as a medium of exchange.
• Strike’s service converts Bitcoin payments into a merchant’s currency of choice on the back end, letting merchants accept alternative forms of payment.
Strike, a Bitcoin payment and wallet company, has recently announced their partnership with Fiserv, a giant in the fintech industry, to integrate Bitcoin’s lightning network with the point-of-sale terminal provider, Clover. This new integration is a major step forward in expanding the use case of Bitcoin, allowing certain Clover merchants to accept lightning payments.
The integration allows Clover to accept “cash-final” USD over lightning, thanks to Strike’s service. This service converts Bitcoin payments into a merchant’s currency of choice on the back end, making it easier for merchants to accept alternative forms of payment. This integration is beneficial for both merchants and customers, as it provides a much more convenient payment option.
On Thursday, Strike CEO Jack Mallers took to Twitter to announce the integration, and to explain how it works. Mallers stated that the integration will provide merchants with more options when it comes to accepting payments, and that it is a “game-changer” for the cryptocurrency industry. He emphasized that this integration is a major step forward in making Bitcoin more accessible, and will help to encourage more people to use it.
The integration of Bitcoin’s lightning network with Clover is an important milestone for the cryptocurrency industry. Not only does it make Bitcoin more accessible, but it also opens the door to more use cases and applications for the cryptocurrency. With this new integration, merchants and customers will have more options when it comes to making and receiving payments, and this could prove to be invaluable for the industry.