There are real people using Strike today, let me tell you my favorite user story so far. Merchants were accepting bitcoin via Lightning, and every now and then converting to fiat to pay operational expenses. Zap Wallet makes Bitcoin usable for everyone. Money without borders. If you are a ... Feel free to join our slack if you’d like to be more interactive with the Zap community or discuss Strike. … The jump from Olympus to Strike is quite small, we simply added a few things and removed a few things. No wallet, no backups, no channels, no capacity, no custody issues, no volatility, no taxes. https://lnkd.in/dHWQEH6 Strike Launches Foreign Currency Support – Bitcoin Magazine Well, through a debit card or a bank account that allows its users to exchange Bitcoin and Lightning Network.Thanks to Strike, crypto lovers will now be able to use this app … Using Strike requires the following: a debit card or bank account. Alright, everyone, that’s all I have for today. Users wouldn’t have to deal with volatility, they wouldn’t have to deal with taxes, they wouldn’t need to set up a wallet to interact with the protocols, and they wouldn’t even need to own bitcoin to scan a Lightning QR code. Small, simple, totally ordinary and innocuous things. Zap iOS Mainnet on Testflight allows you to both connect to your remote nodes and create Lightning wallets on your phone. Olympus was initially designed as a Lightning-enabled fiat ramp, to allow users to buy bitcoin inside of their existing Zap wallet. I personally would like to shoutout the Zap team. It was a devastating truth to stumble upon, but one that is very much real. Zap Launches Strike, An Instant Fiat to Lightning Payment App. Can Strike be used to sell bitcoin? Strike is an app that makes bitcoin’s Lightning Network accessible to everyone. As I’ve said before, this is not a race, and we will go at our own pace. We’re changing a consumer’s relationship with Bitcoin and Lightning, how it is used, and how it is viewed. Today, we are announcing Strike, an application that allows you to make Lightning payments with your bank account or debit card,” Zap founder Jack Mallers wrote in a Medium post, … It owns nobody’s coins and nobody’s keys. It’s always love Bitcoin fam ❤️. What about Twitch streamers and content creators? At this time, there are only 100 beta users transacting around $20,000 a month. Yes, of course, it can. With Strike you can spend bitcoin anywhere, instantly. ZAP Strike brings powerful UVC light disinfection to your home or business. February 1, 2020 Zain Raza. Yes, purchase of your Fold and Bitrefill gift cards, your Yalls articles, and your Satoshis Place art are all taxable events that need to be reported to the IRS. Sure, create an invoice from your existing wallet and pay it. Customers young and old were using Strike to shop at our store, getting a discount, and helping our business. All of our existing Strike BETA testers can help us test today by simply updating their Strike app and turning on their strike.me profile. As we continued to experiment, we learned very quickly that we were providing the right answer to the wrong question. The problem was, no customer was able to get a Lightning wallet set up to make payments ranging from $0.10–$500. Many do not know, but this extends to the Lightning Network and every single Lightning Network payment. Bitcoin was behind the scenes, making a difference and benefiting individual lives and businesses without anyone noticing they were even using it. In the United States, bitcoin is taxed as property, and spending bitcoin in exchange for any good, service, or currency is a taxable event, plain and simple. You can view a playlist of demos I put together on my YouTube channel. ZAP Price Live Data. After completion, you’ll have less fiat in Strike and more bitcoin in your wallet. The beta is to gather community help in finding and solving any final issues or kinks. This blog post may be a bit longer than my typical post, but I believe the learnings from our research and the outcome that is Strike is monumental and transformative. Back in September of 2019, I announced Olympus. I have a few pennies in USD. We’re opening up new ambitions, new ideas, new possibilities, and a new, mainstream audience. Zap is available on all platforms, so you can stay connected and transact whether you are at home or on the move. For fuck’s sake, how am I supposed to allow you to benefit from this technology? The work you continue to do for Bitcoin on the legal, market, trading and compliance side of making these dreams of ours come true is some of the most inspiring work I’ve seen in the space. Manage your private keys, multiple wallets, and open channels, to get connected with peers on the Lightning Network and start transacting today. Can Strike be used to buy bitcoin? This item ZAP Hike N Strike 950,000 Volt stun Gun Walking Stick VIPERTEK VTS-989-1 Billion Heavy Duty Stun Gun - Rechargeable with LED Flashlight Guard Dog Security All-in-One, Maximum Voltage … ZAP Strike. We are all lucky to have this group working on Bitcoin and I am the luckiest to be able to spend so much time learning from and supporting this group every day. Cashless made easy. I was recently brought to tears on my last podcast appearance because of the support you all give me. Zap Solutions, Inc. are the developers of the Strike application which is currently in beta. Absolutely not. But you don’t even want to own bitcoin? 123 likes. Many of our testers were not as familiar with Bitcoin as many reading this post. The direct result of years of Bitcoin + Lightning development, countless hours of user research, and intense product iteration all led to this. Jack Mallers the project lead at Zap, announced yesterday the groups new product, ‘Strike’. Discovering what those changes are takes patience, you have to pay attention, you have to be available in response. I’ll talk to you sooner than you think. In a weird way, it’s a beautiful and innovative hybrid. I wasn’t using bitcoin to speculate, and I wasn’t using bitcoin for censorship resistance or privacy (as my identity and debit card was linked to my node). Yo. How do Crypto exchanges stack up based on different metrics? As a merchant, this was arguably a bigger issue. The tax headache was not worth it, and nearly all merchants opted out of accepting bitcoin. CoinFalcon: Buy, sell and manage cryptocurrency with ease and peace of mind. What would that look like? Trustlessly send and receive Bitcoin instantly with minimal fees via the Lightning Network. Our ideas and assumptions were simple. Strike was never the goal or the plan, but rather a response. Magic. Can Strike be used for internet tipping? Imagining a world where millions of people are using Lightning to conduct commerce dies with the introduction of the regulatory and tax scene currently in place. If you are looking to join our BETA program, you can sign up at strike.zaphq.io. Testing, trying, failing, and repeating. What if by connecting my bank account, I can scan any Lightning invoice, hit pay, and it would work? Those four months of intense user research and study inspired the in-house hackathon that birthed Strike. Did I really need to download a Lightning wallet, write down my seed phrase, back up my channels, and be exposed to tax consequences and volatility to pay the Bitrefill Lightning invoice? Feel free to join our slack if you’d like to be more interactive with the Zap community or discuss Strike. When asking a given user if they would buy an article for a few pennies, the answer was almost always yes. However, as we tested, tinkered, tried, failed, and most importantly learned, our product evolved. Jack Mallers, founder of The Lightning Network wallet Zap, has announced a new application, Strike. The current CoinMarketCap ranking is #334, … What if instead of “spend and replace” it was “buy and spend in seconds without noticing”? Celebrating Asian culture, history, and stories, Explore audiobooks from Asian storytellers. Trustlessly send and receive Bitcoin instantly with minimal fees via the Lightning Network. BTC Accumulation..? Merchants have an entirely different relationship with volatility which makes accepting bitcoin extremely difficult. Buying bitcoin, holding bitcoin, and having its value and purchasing power go up as time goes on. In our user research and testing, the answer was no. We passed Strike around to a few frequent customers and family friends, telling them if you use this app, you get a 10% discount. However, we do feel ready to expand those helping us test Strike. Fast. The announcement follows … It will … Zap is down 5.30% in the last 24 hours. If we look at my Olympus demo, we can see I owned zero bitcoin, and my goal was to pay a Bitrefill QR code. Frequently when testing, users would buy bitcoin delivered over Lightning to their Zap wallet, and shortly after price would move. All you need is the app and a debit card. If we allowed users to instantly buy BTC, delivered over Lightning by using a debit card linked to their Lightning wallet, we would have it solved. CoinMetro: Way Beyond the Best Crypto Exchange, Monnos | Buy Bitcoin and Cryptocurrencies, Cookies help us deliver our services. So for this blog post, I wanted to walk through our journey and learnings, and introduce our new product and all we have in store for the future. The official source for CryptoCurrency News, Discussion & Analysis. No, not at all. The possibilities are endless. Check your Bias Edition. We aren’t just changing how Bitcoin looks, but also how it feels. iOS. Those processing payments in the cannabis industry charge between 5%-15%, and are known to be unreliable and unstable. Is Strike another custodial wallet? Strike, not to be confused with a … Lightning wallet provider Zap today formally announced a $3.5 million seed round fundraise from investors including Morgan Creek Digital and CMT Digital. CEO of ZAP Jack Mallers published some significant developments in a blog post on Wednesday, January 6 th.Zap Inc. launched the public beta of Strike … Trusted by traders in 100+ countries. Well, through one debit card or bank account that allow their users to carry out exchanges of Bitcoin and Lightning Network.Thanks to Strike, now crypto lovers can use this app … Not only am I unbelievably excited, but I have a new-found sense of ambition. Strike is the quickest and easiest way to send money anywhere in the world. Right? In order to accomplish this, a debit card or a bank account would need to be interoperable with Bitcoin and the Lightning Network, lowering the barrier of entry into this new economy. Source: Twitter/@JackMallers. How does it do it? It was our answer to how we scale Lightning to millions of users. Colleen and everyone over at CMT maintains a low profile, but it’s important to know that nothing that you’ve seen in the blog post works without their dedication to our shared vision for the future. Just scan the QR code and click pay. We ran to the store and I demoed it to all of our upper management and employees. As I said above, I’ve got more coming. Strike is currently available in the US only. 31 votes, 196 comments. This leaves businesses exposed and allows Strike to provide a level of fault tolerance otherwise missing. Can Strike be used for remittance payments? The possibilities are endless and the sky is the limit. If you’d like to join the beta list, you can do so at strike.zaphq.io. A lot of testing, reporting of bugs, feedback on features, and collaboration. I certainly am. Traditionally, bitcoin’s volatility has been seen as a feature. A volatile day for bitcoin could throw away months of profit for a given merchant, and the risk-reward profile just wasn’t worth it. Yes, sats back is nice, but is it worth capital gains tax headaches? However, when they were told it required installing a Lightning wallet and buying bitcoin, their answer was no thanks. All activity was a taxable event, and this created enormous amounts of overhead for each individual user and for myself. STRIKE Beta app. Developed by the Zap startup team, Strike acts as a bridge between the traditional bank and Bitcoin. Today, we are announcing Strike, an application … In markets, volatility screams opportunity, and it is bitcoin’s volatility (traditionally to the upside) that has attracted many of its existing users and market participants. So, without further ado, let’s take a deep dive exploring the tremendous amount of friction involved in getting a user onto Lightning, and the important points that I missed. We will continually widen our BETA every week, and start with US users only, until we feel comfortable opening up usage globally. That’s the way it should be. My parents were already running a BTCPay Server instance and offered a 10% discount for anyone who paid in BTC, as it was so much easier for us to accept. Developed by the Zap startup team, Strike acts as a bridge between traditional banking and Bitcoin. When I visited Colorado for Christmas, I showed my parents Strike. My family owns a cannabis business in Colorado. Trustlessly send and receive Bitcoin instantly with minimal fees via the Lightning Network. The regulatory and tax scene in the United States is a huge impediment to allowing Lightning to be used in mainstream commerce. I love you all like family, and I wish you knew how much I mean that. Bank accounts and debit cards can now speak to nodes all over the world, and nodes all over the world can now speak to bank accounts and debit cards. Strike is an application that makes Bitcoin Lightning accessible to everyone. So far the beta … The direct result of years of Bitcoin + Lightning development, countless hours of user research, and intense product iteration all led to this. It feels like I dropped out of college yesterday, and to think we have pulled together the necessary banking partners, trading partners, regulatory partners, written the code, and gotten to this point is beyond me. Zap Inc., a Lightning payment startup, has announced its new payment application Strike Global that uses the Bitcoin lightning network and Bitcoin itself to offer instant and free payments globally. We went through it all, together. This is certainly exciting but very much the beginning. Partnerships to be announced, new products and features, and events I’ll be hosting in Chicago to demonstrate the tech. The Lightning Network offers a new way for users to interact with Bitcoin. In my Olympus announcement, I proposed that Olympus solved the following question: How do we get a user onto Lightning with the least amount of friction? Strike is built on new Bitcoin technology allowing money to be transferred instantly in real-time. Buy and trade cryptocurrencies with ease. However, in a consumer-merchant setting where people are using bitcoin, volatility is a non-starter. Ultraviolet Disinfection Products and Services serving DFW residents, businesses, churches, and schools. It worked. Sure, create a request in Strike and send to it from your wallet. To CMT Digital, thank you. The live Zap price today is $0.363204 USD with a 24-hour trading volume of $4,046,013 USD.. 1.1m members in the CryptoCurrency community. What if everyone’s bank account could speak Bitcoin? We ran into a scenario with users where the bitcoin price fluctuated up or down 5% after the initial purchase. After completion, you’ll have more fiat in Strike and less bitcoin in your wallet. However, what Olympus solved was how to get bitcoin onto Lightning with the least friction. The best place to buy and sell Bitcoin and more than 40 other cryptos. A typical merchant prices their operations in their denominated fiat currency. Jack Mallers. Strike users don't have to deal with volatility, taxes, the need to set up a wallet, or the need to own bitcoin to interact with the Bitcoin economy. The case for investing in your Bitcoin Credit Score, Blockchain, Cryptocurrency and Gaming: A Collision Course. Buy and sell Bitcoin and other cryptocurrencies easily, quickly and safely. By using our services, you agree to our use of cookies, By purchasing this item, you are transacting with Google Payments and agreeing to the Google Payments. Zap Wallet makes Bitcoin usable for everyone. Just scan the QR code and click pay. … The smallest changes can be transformative, but they have to be the right changes. It would look like Strike, that’s what it would look like. When describing Zap’s design and product decisions, I’ve frequently described Zap as available in response. What if the few pennies in USD from the above user was enough? … The first very clear issue was bitcoin’s inherent volatility. However, because of the way we are able to integrate them into the environment, they have this decisive impact and become extremely powerful. Hats off, you should be proud. What if my debit card could pay the Lightning invoice? Strike, a popular bitcoin (BTC) banking service by US-based Bitcoin Lightning startup Zap, aims to have their Strike Cards rolled out in countries on two continents … In Colorado, there are only a handful of banks in the entire state willing to bank those in the cannabis industry, and the waitlist to be banked by ours is now longer than two years. Lightning-Fast. Do they know what Bitcoin is? This will take a community effort. Strike, not to be confused with a product of the same name by fellow Lightning dev group, Acinq, is a Fiat to Lightning Payments App built on top of Olympus, an infrastructure layer built by the Zap team. We completely missed the user. If we want millions of mainstream consumers benefiting from Bitcoin and Lightning, surely we should test with that audience in mind. Lightning offers real-time, cheap, and global settlement and self-clearing to the world’s first natively digital asset class. Gain peace of mind with our hospital-level disinfection products and services. Did they know they were using Bitcoin under the hood as a payment rail to transfer and settle value? If BTC is hacked and stolen, it’s my BTC and I’m fucked, nobody else. For example, ours was recently down for two months leaving us unable to process any credit/debit card payments. Just simply link a bank account to the app, … Setting up a wallet, waiting for something you don’t understand to finish syncing, being limited in your ability by something called “capacity,” and having to buy bitcoin and manage backups was far too much for almost all users. Strike users don't have to deal with volatility, taxes, the need to set up a wallet, or the need to own bitcoin to interact with the Bitcoin economy. If that’s not enough for the article, then I don’t care to buy it. Zap Wallet makes Bitcoin usable for everyone. Transactions with Zap are inexpensive and instantaneous, unlocking a new natively digital economy never seen before. How does it do this? There’s a lot of real-time and automated risk management, trading, compliance and legal policy, application and protocol development to test. I have no idea. After rolling out its Strike app to public beta and partnering with Visa on a debit card, Lightning wallet provider Zap has announced a $3.5 million seed round. Wrong. Yes, of course, it can. You can contact me @JackMallers on twitter or zap@jackmallers.com via email. Content creators can set up a Strike donation page and every time someone donates BTC, they get fiat in their bank account (or whatever custom fiat:BTC ratio they’d like). If you have a special use case and really want to start testing today, email me at zap@jackmallers.com, I’d love to hear your story and get you a download link. Ok, I get it, volatility and taxes are tough. One of the more popular value propositions of Bitcoin in its first 11 years of existence is wealth creation. Zap is announcing Strike Global, a Bitcoin payments app for global remittances. You all know me, I have big plans. With Strike, this changes immediately. Many of our testers didn’t even get to the point of purchase, it was all a bit overwhelming. Today, we are announcing Strike, an application that allows you to make Lightning payments with your bank account or debit card. There are no other requirements to use this version of Zap iOS. Users enjoyed micropayments, cross border payments, social tipping, and so on, but did not evaluate it as worth it when taking into account the tax consequences. Today I am thrilled, excited, and incredibly proud to release Zap’s most ambitious product to date. Cannabis Shops Are Using Zap’s Lightning App During Coronavirus Cash Crunch It’s now easier than ever to use bitcoin to support regular businesses beyond the crypto bubble. Once you … Lastly, to the community. So, here is the plan. App Store This was a major oversight when designing Olympus. We have Strike for iOS, Android, Desktop, and a browser extension. Our family business struggles to stay banked, operates a security budget to protect and migrate cash in our stores, and we’ve struggled immensely with payment processors. Strike may look simple, but this was the furthest from easy. I think I’ve stumbled upon something really cool here, and I hope to make y’all proud. Strike – the Chicago-based startup’s Bitcoin wallet and banking service – is rolling out native support for the euro, pound and Swiss franc, soon to be followed by the Australian and Canadian dollar after partnering with cryptocurrency exchange Bittrex Global, according to Zap … It’s an application, sitting on top of our infrastructure piece Olympus, designed to usher in an era of Bitcoin that we believe has the best shot of achieving our mainstream hopes and desires. That hit me hard. This caused the following: Not spending BTC because it’s appreciating, Not spending BTC at a loss because of hopes it would appreciate. Currently, the STRIKE Desktop Beta offers peer-to-peer transfers using a website portal. Through it all, we stayed the course and delivered a product we are all so incredibly proud of. That’s it; no wallet, no node, no channels, no swaps, no liquidity management, no anything. Strike App by Zap to Allow Lightning Payment Via Bank Account. Our goal is to be in a public BETA and put Strike on App Stores in the coming months. On the go, contactless, secure digital payments. Manage your private keys, multiple wallets, and … We’ve put in the work to make the barrier of entry low, and the flexibility + ease of use high. Secure.
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