- Aug 6, 2019
- Reaction score
- Bridgeport, CT
- Political Leaning
- Libertarian - Right
Bitcoin may soon be accepted by McDonald's, Walmart via Lightning Network, Mallers says
Jack Mallers announced in Miami that Bitcoin will be available via the Lightning Network to over 400,000 storefronts and US Shopify sites.
According to Mallers, any website that uses Shopify online card transactions can now process payments using Bitcoin’s Lightning Network. The partnership is live right now and a massive step toward the mass adoption of Bitcoin.
“Any online merchant that uses Shopify can accept payments without the 1949 boomer network, receive it instantly, cash final, no intermediary no 3% fee”
During the presentation, a slide appeared listing some of the biggest retailers in America, including McDonald’s, Walmart, Home Depot, and Best Buy. According to their websites, Blackhawk and NCR also serve Starbucks, Chipotle, El Corte Ingles, Lowe’s, Staples, Woolworths, and thousands of other global retailers.
This could be huge. There is a very strong financial incentive for everyone to use crypto, as it benefits both buyers and sellers. If you are paid in crypto, and you can buy what you need with crypto, then there is no reason to ever convert back to fiat, and that is the goal.