Strike Crypto Payment Firm has raised $80 million


  • Strike has raised $80M in Series B funding arranged by Ten31.

According to a Tuesday 27 press release, a Chicago-based bitcoin payment gateway led by Jack Maller, the company has raised $80 million in a Series B funding arranged by Ten31.

The press release points out that two other participants participated in the fundraising: the University of Washington, based in St. Louis, the University of Wyoming, and former investors.

Funds raised will improve and expand the Strike payment gateway, making it more user-friendly and easy to use. Several e-commerce giants, Shopify(Shop), Blackhawk and NCR, use the Strike Payment protocol.

Jack Mallers emphasized in his statement, “We are moving full speed ahead to not only integrate Strike’s revolutionary payments with leading merchants, but globally, with a variety of businesses and partners to innovate and provide greater financial inclusion”.

Lightning Network allows Bitcoin to scale and match every fiat currency in the world. It’s hard to fight the immediate settlement of payments with nearly 0% fees.

Mallers adds, “Enabling a cheaper, faster and open payment network with some of the world’s largest financial institutions is neither quick nor easy, but it is happening. All companies involved in moving money are interested in higher payouts, and we are in talks with many of them. There is nothing bigger and more exciting than innovating in payments for the good of the world.

Earlier this year in April, TheCoinRepublic reported that PacSun had become one of the first BitPay partners to accept BTC. Payments.

Leading digital money remittance specialist BitPay has added support for the Lightning Network (LN), the layer 2 versatility arrangement of Bitcoin (BTC), granting customers access to a faster and more cheaper to run their BTC.

According to data from CoinMarketCap, at the time of writing, Bitcoin is trading at $18,814.06 with a 24-hour volume of $56,112,728,698. Over the past seven days, the Bitcoin low traded at $18,415.59.

Steve Anderson
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