Jack Mallers, CEO of Strike, announces that his company's software will be integrated into Fiserv's payment options. This is the parent company of Clover.
New payment option
This is a payment feature at cash registers, also known as the point-of-sale software. Strike has reportedly launched a trial integration with Clover, allowing sellers to accept bitcoin via the lightning network.
Fiserv is not a very well-known name in the Netherlands, but this US multinational is a major player in the payments market. Lightning is additionally a secondary layer on top of bitcoin, which focuses precisely on making bitcoin scalable.
Retailers can now accept bitcoin payments from anyone in the world. It is then automatically converted into fiat money, so the merchant does not have to worry about volatility.
https://twitter.com/jackmallers/status/1618731420998049798
This also means that you can pay with any wallet; as a payer, you do not necessarily need to have a Strike wallet yourself, but can pay with Muun, your own node or Cash App, for example.
Test period
The partnership involves a 90-day test period. In theory, lightning payments are faster, cheaper and easier than fiat payments, but practice is now to prove that. They are going to see how much use this (new) service gets during this period.
You can reportedly go to The Brewer's Kettle to pay with bitcoin. On Twitter, Mallers shared a test payment through the POS system.
After the pilot, Strike plans to enter the Clover app store and then offer direct integration into Clover. This would (could) enable lightning as the default payment option for all sellers using Clover, in addition to well-known payment card networks such as Visa and MasterCard.
The partnership is somewhat similar to that with NCR and Blackhawk, which Mallers announced at last year's conference in Miami.
https://www.indexuniverse.eu/strike-integrates-bitcoin-lightning-into-popular-pos-system-us/
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