Strike, a Chicago-based bitcoin payment provider run by crypto entrepreneur Jack Mallers, raised $80 million in a Series B funding round that was led by Ten31, according to a press release on Tuesday.
The fresh capital will be used to enhance Strike's payment network for merchants and consumers. Several big e-commerce companies use Strike's app, including Blackhawk, NCR, and Shopify (SHOP).
“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,” Mallers said in the release.
The Lightning Network is a Bitcoin scaling product that allows merchants to accept payments without having to wait for block confirmations on the legacy Bitcoin chain.
“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...
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