Tag: merchants

With the growth of Bitcoin’s popularity, more businesses are starting to accept it as a mode of payment. As with any financial asset, increased acceptance is coupled with a rise in fraud attacks. Although Bitcoin was designed so that transactions are publicly verified, the Bitcoin ecosystem will always witness attempts at double spending as a primary way of committing fraud on the network....

In 2012, Bitcoin Black Friday was launched as a way for Bitcoiners to hack the mainstream consumerism holiday and promote their favorite technology as a killer tool for payments and encourage merchant adoption. Thousands of merchants have participated by offering discounts for customers who pay in BTC, but the celebration fizzled in 2017 as the Bitcoin community became embroiled in debates over block...

Strike, the application from Zap that lets users transact through the Lightning Network using their debit card or bank account, is now offering cash back rewards, according to an announcement that founder Jack Mallers shared with Bitcoin Magazine. “Today, we are releasing Cashback by Strike, our first Strike Rewards program,” Mallers...

Before Bitcoin was a movement, it was a digital currency. While the store-of- value aspect of Bitcoin gets highlighted often, the permissionless payments side often doesn’t receive the attention it deserves. In 2012, Jon Holmquist embraced the Black Friday holiday in order to help Bitcoiners showcase the advantages of their favorite technology, launching BitcoinBlackFriday.com and hacking a mainstream cultural moment...

Today, Zap, the Lightning wallet lead by developer Jack Mallers, has announced that their Strike product is now in public beta. Previously, Strike had only been available through a closed, private beta program. In the private beta, Mallers claims that they have “already seen $100,000 in payments”. Strike is...