Jack Mallers of Strike announced a major PoS integration allowing shoppers to use bitcoin privately, and merchants to save on processor fees.
Jack Mallers of Strike announced a major PoS integration allowing shoppers to use bitcoin privately, and merchants to save on processor fees.
Strike CEO Jack Mallers announced at Bitcoin 2022 that the company has partnered with three of the world’s largest payments providers, Shopify, NCR and Blackhawk Network to enable bitcoin payments at stores throughout the country. He explained that the integration eliminates legacy banks from the payments process, saving merchants on fees and enabling privacy for shoppers.
“You’re gonna be able to walk into a grocery store, to Whole Foods, to a Chipotle, if you want to use a Lightning node over Tor, you do that,” Mallers said on stage at Bitcoin 2022. “Any online merchant that uses Shopify can accept payments without the 1949 boomer [credit card] network, receive it instantly, cash final, no intermediary, no 3% fee.”
The announcement is a major innovation in merchants' ability to interact with the Bitcoin network and in users’ ability to privately and permissionless make purchases throughout the U.S. Now, they will be able to take advantage of the cheap, instant and open access offered by Bitcoin.
An image shared by Mallers as part of the presentation listed McDonald’s, Walmart, Walgreens and more U.S. franchises as places where the Strike integration will be useable.
Mallers also emphasized that he is dedicated to protecting Bitcoin innovation in the United States, reporting, “I’ve been working with Senator Cynthia Lummis to make sure that in the United States of America we support this open payment standard and it isn't threatened by anybody else.”
Last year, at Bitcoin 2021, Mallers, alongside President Nayib Bukele, announced[1] that El Salvador would introduce
