POS Giant Clover Partners with Strike to Bring the Lightning Bitcoin Network to Millions of Merchants

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A 90-day trial period kicks off Clovers’ integration with the Bitcoin Lightning Network, enabling faster and cheaper payments at merchants.

Strike CEO Jack Mallers took to Twitter to announce that Strike is now an integrated partner with payments giant Fiserv, parent company of Clover. Subsequently, Strike launched a pilot integration with Clover allowing merchants to accept bitcoin on the Lightning Network.

According to its announcement, the integration is not limited to Strike. Instead, merchants will be able to accept Lightning payments from any source from the Cash app to a node via Tor. If it can make a Lightning payment, you can use it, Mallers said on Twitter.

Mallers said this rollout is part of a 90-day trial period, which will involve measuring the speed and cost of facilitating transactions using the new integration. On top of that, the volume of business that the Lightning integration brings to merchants will be closely monitored.

After the pilot, Strike aims to enter the Clover app store and then integrate directly into Clover. This would enable Lightning by default for all Clover merchants, putting it right next to card networks like Visa and MasterCard.

Ultimately, these payment giants want to see Lightning in action, Mallers said on Twitter. They want to smell it, touch it and see people using it. An open, instant, cheap, inclusive and innovative payment network sounds too good to be true. It’s time to show that Lightning is the best payment method in the world.

The trial period is now active and Clover merchants can contact Strike to enable cheaper and faster payments using the Bitcoin Lightning Network.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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