Naris - Cryptocurrency Enthusiast
NCR, Blackhawk, and Shopify have all partnered with Strike, according to CEO Jack Mallers. Any platform that uses these processors, including Walmart and McDonald's, will be able to perform transactions using Bitcoin's Lightning Network.
The Lightning Network will be used by about 400,000 retailers, according to Mallers. McDonald's, Walmart, Chipotle, Macy's, Bed Bath & Beyond and Krispy Kreme are amongst the retailers. This would make it a lot easier for Bitcoin users to pay for a McDonald's burger or a Starbucks cup of coffee. Buying crypto may be the next step for a lot of people, since bitcoin and other cryptocurrencies may now be used to pay for groceries and other purchases at stores including Walmart, Safeway, and Best Buy.
The integration was done to circumvent banks, according to Mallers, who spoke at the Bitcoin 2022 conference. He intends to save businesses money by eliminating high fees while also providing customers with more privacy throughout the payment process.
Any online merchant that utilises Shopify may take payments without using the 1949 boomer network, receive them promptly, and pay them in cash. During his presentation, he stated that businesses will be able to take Bitcoin from clients and instantly convert it to cash without any additional fees or processing delays. The currency in which the shop wants to collect its payments, according to Mallers, will not be a problem.
Mallers bemoaned the lack of innovation in the old financial system. According to him, the identical technique that his grandpa utilised has been in use since 1949. He spoke of an improved payment network that would allow for financial inclusion-based innovation. He described the system as one that may provide services that are both cheaper and quicker.
One of the leading crypto buying platforms online is BCBitcoin – a trusted Bitcoin, and all other cryptocurrency broker offering a variety of services that includes live customer support, crypto asset management and the ability to safely buy crypto.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards