Strike Raises $80 Million For Its Bitcoin Payment Services

Payments company Strike has raised $80 million in a Series B fundraising round that was spearheaded by venture capital firm Ten31, which mostly invests in businesses built on the bitcoin platform.

Strike focuses on the Lightning network for Bitcoin, a payment system designed to facilitate quick exchanges of low bitcoin amounts.

According to a press release, Washington University in St. Louis and the University of Wyoming participated in the $80 million Series B investment. With the cash, company founder and CEO Jack Mallers plans to integrate with the biggest marketplaces and retailers worldwide.

“Every company that’s in the business of moving money is interested in superior payments, and we’re in talks with many of them,” Mallers was quoted as saying. “It doesn’t get any bigger and more exciting than innovating in payments for the betterment of the world.” 

Strike wants to increase the number of companies that use its commerce API

Commerce API is now used by e-commerce platforms including Blackhawk, NCR, and Shopify. Additionally, it plans to introduce a new API that would enable major corporations and financial institutions to send and receive payments using the Lightning network.

More than two million people have downloaded the Strike Wallet, its consumer offering, to date.

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