Strike, a Lightning payments app, has partnered with Bitrefill, a cryptocurrency payments platform, to offer its users the ability to purchase gift cards using their bitcoin holdings. This partnership is a significant step forward in terms of making bitcoin more usable for everyday transactions.
🚨YO🚨— Strike (@Strike) October 19, 2023
we're excited to partner with @bitrefill to enable users globally to make real-world purchases via the Lightning Network within Strike
you can now use your Cash or #Bitcoin over Lightning to buy your favorite gift cards, top up your phone, and pay for streaming services pic.twitter.com/H6n8kVt9yJ
Bitrefill has a network of over 70,000 merchants that accept bitcoin payments, including many popular retailers and service providers. This means that Strike users can now spend their bitcoin at a wide range of merchants, both online and in person.
The process of purchasing gift cards through Strike is simple: users simply select the “Shop with Lightning” option in the app, choose the product or service they want, and enter the amount they want to spend. They can then pay using either traditional cash or bitcoin. Once the transaction is complete, the user will receive a gift card that can be used immediately.
The partnership between Strike and Bitrefill is a major win for the bitcoin community. It makes bitcoin more convenient and accessible for everyday use, and it is likely to encourage more people to adopt the cryptocurrency.
Here are some of the benefits of this partnership:
- Convenience: Strike users can now purchase gift cards to their favorite stores and services with just a few taps on their phone. This is much more convenient than having to convert bitcoin to fiat currency first.
- Acceptance: Strike users can now spend their bitcoin at a wide range of merchants, both online and in person. This is because Bitrefill has a network of over 70,000 merchants that accept bitcoin payments.
- Education: This partnership helps to educate people about bitcoin and how it can be used for everyday transactions.
In addition to the benefits listed above, the partnership between Strike and Bitrefill is also helping to reduce the friction associated with using bitcoin. In the past, users had to go through a series of steps to convert bitcoin to fiat currency before they could spend it at most merchants. This process could be time-consuming and confusing, and it often involved paying high fees.
With the new partnership, Strike users can now spend their bitcoin directly at merchants without having to convert it to fiat currency first. This makes the process of using bitcoin much simpler and more straightforward.
The partnership between Strike and Bitrefill is a significant step forward in terms of making bitcoin more usable for everyday transactions. It is likely to encourage more people to adopt the cryptocurrency and help to bring it into the mainstream.
Overall, the partnership between Strike and Bitrefill is a positive development for the bitcoin community. It makes bitcoin more convenient, accessible, and understandable for everyday people. This is likely to lead to increased adoption of bitcoin and help to bring it into the mainstream.
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