Strike Secures $80m in Funding to Propel Instant Bitcoin Payments

Strike has raised $80 million to fund a revamp of BTC payments for top financial institutions and marketplaces.

Jack Mallers is the founder and CEO of Strike. pointed out:

“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 is a digital payments platform that uses Bitcoin’s Lightning Network. Strike recently launched their flagship API. This API allows for instant cash-final payments and global payments. It also eliminates interchange fees. 

The University of Wyoming and Ten31 were some of the investors that participated in the $80 million funding. Washington University in St. Louis was also among them. 

Grant Gilliam is optimistic that Strike will transform the Landscape’s financial and payment services. He believes it will provide everyone with a more inclusive, innovative and efficient financial experience.

Ten31’s co-founder and managing shareholder was also added:

“Strike and Ten31 have a shared vision for the positive impact bitcoin can have on the world and are mutually aligned on accelerating its adoption. It was therefore a natural fit to partner with Strike as its lead investor.” 

Strike plans to use the capital for growth beyond its commerce API. It will also strengthen existing partnerships and launch new collaborations. Digital payments platform Strike plans to create new product lines and eliminate the headache of creating in-house solutions for large companies and financial institutions. 


“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.”

With Strike having more than 2 million downloads, the possibilities are endless for users to send money instantly and globally.

Shopify merchants were able to use Strike to receive BTC off the chain payments. These transactions are faster and more reliable than on-chain transactions, Blockchain.News reported. 

Image source: Shutterstock



Leave a Reply

Your email address will not be published. Required fields are marked *


Follow NovaUmi

Let's connect on any of these social networks!

Subscribe to our newsletter.

We respect your privacy

Read More

Related Posts

Taiwan FSC to regulate crypto

Based on the president of the authority, the Monetary Supervisory Fee of Taiwan (FSC) will take over because the principal regulator of cryptocurrencies all through