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Strike Close $80 Million Funding Round to Further Expand Bitcoin Payments 

Strike – a Bitcoin payments company and digital wallet provider – has closed an $80 million funding round led by Ten31. 

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The funds will bolster the company’s efforts to “revolutionize payments” for the payment industry’s biggest players. 

  • According to a press release, both Washington University in St. Louis and the University of Wyoming also partook in the raise. 
  • The funding leader, Ten31, is a Bitcoin and lightning infrastructure provider that’s invested in numerous other Bitcoin native companies like Blockware, Swan, and Fedi
  • Strike said the funding will specifically be used to enhance growth and launch new partnerships while expanding old ones. 
  • “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,” said Jack Mallers, founder and CEO of Strike.

  • Mallers was a pioneer of Bitcoin’s lightning network – the cryptocurrency’s premiere scaling solution for instant and free payments. Strike seeks to leverage lightning to create cheaper payment processing for merchants, which can compete with Visa and Mastercard.
  • In April, Strike announced partnerships with Shopify, NCR, and Blackhawk. Together, these deals will let Bitcoin users across the U.S. shop using BTC, both online and in-store. 
  • In July, the company unveiled a “Visa Card” feature that lets Strike wallet users pay using Bitcoin at any Visa-accepting merchant. 
  • “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,” said Grant Gilliam, Co-founder and Managing Partner of Ten31.

  • Mallers claims that his company is “in talks” with many of the world’s biggest financial institutions to help enhance their payment systems. 
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