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April 15, 2022

Strike and Shopify Partnership

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Strike and Shopify partnered to offer merchants the ability to settle transactions using the Lightning Network. Strike founder, Jack Mallers, made the announcement at the Bitcoin 2022 conference in Miami last week. Store owners on Shopify’s e-commerce platform now have the option to receive “instant and cash-final payments” while also saving money on transaction fees. Jack also noted how merchants don’t have to assume the risk of holding bitcoin to use its blockchain for settlement. Strike allows merchants to immediately convert a customer’s bitcoin payment into cash. (Seeking Alpha)

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