Jack Mallers, founder of Zap, is bringing Bitcoin back to its roots with an announcement that his Lightning Network wallet, Strike, has partnered with Shopify, NCR, and Blackhawk Network.
According to Mallers, any website that uses Shopify online card transactions can now process payments using Bitcoin’s Lightning Network. The partnership is live right now and a massive step toward the mass adoption of Bitcoin.
During the presentation, a slide appeared listing some of the biggest retailers in America, including McDonald’s, Walmart, Home Depot, and Best Buy. According to their websites, Blackhawk and NCR also serve Starbucks, Chipotle, El Corte Ingles, Lowe’s, Staples, Woolworths, and thousands of other global retailers.
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Bitcoin may soon be accepted by McDonald’s, Walmart via Lightning Network, Mallers says
So according to the article, the bitcoin lightning network can be used to instantly settle payments with close to 0% transaction fees.
I think this is a huge step forward, as the volatility of BTC won't come into play, because the customers don't even have to pay in BTC for it to actually work. Neither user or merchant has to interact with BTC at all, but the merchant would be saving ~3% here than if they had gone with using VISA.
According to his presentation, retailers will be able to receive Bitcoin from customers and instantly convert it to fiat without any fees or processing delays. Whichever currency the retailer wishes to settle their payments in “doesn’t matter,” according to Mallers.
Also, all shopify sites accepting BTC is huge! Why isn't this being talked about more?
