Bitcoin Adoption Is Accelerating
Shopify, NCR, and Blackhawk Network have joined up with Jack Mallers, the inventor of Zap, to return Bitcoin back to its origins. Strike, his Lightning Network wallet, has collaborated with Shopify, NCR, and Blackhawk Network.
According to Mallers, any website that utilizes Shopify online card transactions will now be able to process payments using Bitcoin‘s Lightning Network, which was previously unavailable. The agreement is active right now and represents a significant step forward in the widespread acceptance of Bitcoin.
“Any online merchant that uses Shopify can accept payments without the 1949 boomer network, receive it instantly, cash final, no intermediary no 3% fee”
Some Of The Biggest Retailers will make use of the Lightning Network
An image of several of America’s largest merchants, including McDonald’s, Walmart, Home Depot, and Best Buy, showed on a slide during the presentation. According to their respective websites, Blackhawk and NCR also service Starbucks, Chipotle, El Corte Ingles, Lowe’s, Staples, Woolworths, and hundreds of other worldwide merchants in addition to their own stores.
We’ll have to wait for additional information before we can figure out precisely when and how some of these shops will begin taking BTC payments. Maller, on the other hand, asserts that the Lightning Network will now be used by over 400,000 businesses to take Bitcoin.
According to his presentation, shops would be able to accept Bitcoin from consumers and instantaneously change it to fiat currency without incurring any costs or experiencing any delays in the conversion process. According to Mallers, it makes no difference in whatever currency the store chooses to settle their payments in.
As of this writing, the price of Bitcoin has not changed in response to this news. For many investors, it may seem that the opportunity is too great and too good to be true. Adoption on this magnitude is not something that happens overnight in most cases. Is Bitcoin finally making its way into the mainstream, or will merchants exert strong and prolonged sell pressure on the cryptocurrency’s price in the coming months?
