McDonalds, Walmart and other brands are now accepting Bitcoin in the US after a partnership between Strike and payment processors
Strike has partnered with Shopify, Blackhawk Network and NCR to increase acceptance of bitcoin as a payment method at most merchants in the United States.
Jack Mallers, the CEO of Strike, announced this Thursday (7) that he has closed partnerships with the largest payment processors in the US, which results in the immediate adoption of cryptocurrency as a form of payment in gigantic proportions.
McDonalds, Walmart, Macy’s, Circle K, Bed Bath and Beyond, Kroger, Wendy’s, Starbucks and Best Buy are some of the examples of brands using Strike’s partner companies.
According to Mallers, these stores will be connected to Bitcoin as an open, fast and cheap monetary network. Payments can be made through the Lightning Network, which is considered a second-tier solution for BTC transactions.
On the consumer side, there is the possibility of simply spending bitcoin with non-custodian wallets like Phoenix or Muun, although custodian solutions like CashApp or Strike itself can also be used.
For the merchant, who has the benefit of not paying fees of around 3% on credit cards and getting almost the total value of the transactions, there is the option to receive in bitcoin, dollars or other currencies.
For podcaster Matt Odell, who deals with Bitcoin and privacy, the novelty means an advance for American bitcoiners who gain options to spend their coins that are not linked to their identity (No-KYC bitcoin), that is, those bitcoins purchased from anonymous way.
no kyc bitcoin off ramps in every store in america
— ODELL (@ODELL) April 7, 2022
One of the partnerships that made this possible includes Shopify, which develops computer software for online stores and point-of-sale retail systems. This covers virtual stores (e-commerces).
However, 80% of payments in the US happen in person, which means Strike should go further. For that reason, Mallers also closed deals with Blackhawk Network, one of the largest payment providers in the world, which is present in 400,000 stores and has 37,000 partners.
Finally (and definitely most importantly), Strike has partnered with NCR, the world’s largest provider of point-of-sale terminals. One in six point-of-sale software around the world comes from NCR.