• Jack Mallers, CEO of bitcoin payment service Strike, has announced that the Bitcoin Lightning Network is now live on Clover, a major Android point of sale (POS) platform.
• Strike has now become an integrated partner with payments giant Fiserv, Clover’s parent company, and has launched a public pilot integration with Clover.
• The pilot phase will initially last for 90 days, and following the pilot stage, the Bitcoin Lightning integration will be made available through the Clover App Store.
Jack Mallers, CEO of bitcoin payment service Strike, has announced that the Bitcoin Lightning Network is now live on Clover, a major Android point of sale (POS) platform. This marks a significant step forward in bitcoin’s push toward mainstream adoption as a means of payment, providing merchants access to a faster and cheaper form of payment.
Strike has now become an integrated partner with payments giant Fiserv, Clover’s parent company. The two companies have launched a public pilot integration with Clover, allowing merchants to accept bitcoin (BTC) payments through the Lightning Network. This integration is not just of Strike, but of the Lightning Network itself. This means that merchants can accept payments from any source that uses the Lightning Network, from Cash App to a node over Tor.
The pilot phase of the integration will initially last for 90 days, during which time any interested Clover merchant can enable payments via Lightning. Not all merchants will be automatically enabled, however. Instead, Strike and Fiserv partners will measure and track settlement speed and cost compared to other networks during the test phase.
Following the pilot stage, the Bitcoin Lightning integration will be made available through the Clover App Store. This will give millions of merchants access to the Lightning Network, allowing them to accept cheaper and faster payments in USD.
With this integration, Strike will be able to expand its reach even further and make an even bigger impact on the payments industry. The ability to accept bitcoin payments through the Lightning Network is not only convenient for businesses, but also helps to make cryptocurrency more accessible to the general public.