CJ - Cryptocurrency Enthusiast
Walmart, McDonald's, Chipotle, Macy's, Whole Foods and 400,000 other retailers will be able to accept Bitcoin payments over the Lightning Network, according to Strike CEO Jack Mallers.
Strike utilizes the Bitcoin network as a global payment network. The Lightning Network makes it possible to convert currency into Bitcoin, which is then converted back into currency in the buyer's pocket. The decision is a significant win for blockchain technology since it will teach many people how to use the Bitcoin network similarly to how they use credit cards. However, fees when using Bitcoin are nearly nonexistent compared to the about 3% costs incurred when using credit cards. Visa or Mastercard are two such examples.
Mallers announced Strike's partnership with NCR, Blackhawk, and Shopify at the Miami Bitcoin Conference 2022. Following the integration, any platforms that use the service will be able to leverage Bitcoin's Lightning Network to perform transactions. Mallers has also began working with Senator Lummis of the United States to promote Bitcoin.
At the Miami Bitcoin Conference, Mallers emphasized that the BTC integration was a means of getting around banks. With the Lightning Network, businesses will be able to accept payments without the exorbitant costs that come with accepting debit and credit cards while also giving customers more privacy during the payment process. The Bitcoin Lightning Network is an additional option that users have, since it is incredibly cheap and quick.
"You're going to be able to walk into a grocery store, Whole Foods, Chipotle, and utilize a Lightning node via Tor," Mallers declared on stage at the Miami Bitcoin Conference 2022.
"Any online retailer that using Shopify may take payments without using the 1949 boomer (credit card) network, receive them promptly, and pay them in cash."
On the other hand, Strike handles all fiat to BTC and crypto to fiat conversions. This implies that neither customers nor merchants require Bitcoin trading in order to do business.
To buy and sell cryptocurrency, that is not Bitcoin, visit a well-known cryptocurrency broker – BC Bitcoin where you will be able to find many different services that also includes crypto asset management.
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