It looks like when you want to make a huge Bitcoin or Crypto decision of being legal tender, you would have to attend the Bitcoin conference in Miami, during the ongoing Bitcoin 2022 conference, Jack Mallers announced that Strike would partner with Shopify’s global network of merchants to allow for payments across the Bitcoin Lightning network, for those merchants who want to opt-in. This announcement is bigger than you think because Jack Mallers the CEO of Strike just made Bitcoin legal tender in the United States without it being legal tender. Last year before the President of El Salvador made bitcoin legal tender in El Salvador, he made the announcement during the Bitcoin conference and this year Jack Mallers made the huge partnership announcement between Strike and Shopify carries almost the same weight even though is not a President.
Strike partnership with Shopify it's a great partnership, it's huge and it's a great news to increase the wider range and rate for Bitcoin adoption. Many merchants can now accept Bitcoin for products and services through the lightning network. Bitcoin acceptance will continue to grow especially with how effective it is to use the lightning network. It's good Bullish news for Bitcoin holders, depending on how the crypto community sees the news though because Bitcoin recently started dropping after it hit $48k, it dropped down to $43k and is currently still around $43k. Let's see if this news is going to have any effect on the crypto market, and help bitcoin bounce back up.
Strike is bringing crypto payment to Shopify. Strike is a payment application that allows users to send funds anywhere in the world through the Bitcoin Lightning Network. While Shopify is an E-commerce Platform for All Businesses. This is an amazing partnership that'll benefit both parties.
There's a big difference between having the ability and the choice to buy anything with Bitcoin, which I think my opinion is awesome, and it makes financial sense to do so.
Little side joke:
"You can't buy anything with Bitcoin"
Jack Mallers : Hold my beer, a few moments later - "now you can!", (might not be funny though😂, just felt like doing it).
Bitcoin is slowly becoming a substitute currency for banks, an economic entity where the supply is unaffected by the demand. The scenario of Bitcoin going to zero does not exist anymore. Bitcoin is playing much the same role as gold did in the early days of banking.
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