Jack Mallers’ Bitcoin Payments Solutions Firm Strike Raises M
The popular Jack Mallers-led Bitcoin payment solutions provider Strike has raised $80 million in a Series B funding led by Ten31.
According to a press release on Tuesday, the investment round included participation of Washington University in St. Louis, the University of Wyoming and previous investors run by crypto entrepreneur Jack Mallers, raised according to a press release on Tuesday.
Other participants included Washington University in St. Louis, the University of Wyoming and existing investors.
Strike will use the new capital to further develop its payment network for merchants and consumers., which is currently in use by large e-commerce business like Shopify, NCR and Blackhawk.
Mallers, the young crypto entrepreneur, said:
“We’re moving full speed ahead not just to integrate Strike’s revolutionary payments with leading merchants, but globally, with a variety of businesses and partners to innovate and deliver on more financial inclusion.”
Strike’s Bitcoin payment solution allows for cheaper, faster, global, cash-final payments for both businesses and consumers. It makes use of the Bitcoin Lightning Network which is a scaling product built on top of the Bitcoin network. With The Lightning Network, merchants can instantly accept payments without having to wait for block confirmations on the Bitcoin chain.
Jack Mallers added:
“Enabling a cheaper, faster and open payment network with some of the biggest financial institutions in the world isn’t fast and easy, but it’s happening. Every company that’s in the business of moving money is interested in superior payments, and we’re in talks with many of them. It doesn’t get any bigger and more exciting than innovating in payments for the betterment of the world.”
Describing the new API capabilities, the Strike founder concluded:
“Businesses and institutions want a groundbreaking experience sending payments as well. We can empower businesses to move money in ways networks such as card networks and SWIFT can’t, and we pay these partners in the form of commissions to do so, which makes it an exciting innovation for everyone. We’ve seen a lot of demand here.”
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Source: igaming
