Strike Launches Ecom Lightning Network Payment API Using ACINQ WooCommerce Plugin
Thanks to the launching of an API for Lightning micro-payments, merchants who use the Strike payment mechanism can now receive payments in BTC using a WooCommerce plugin. Notably, the affected transactions are exclusive to the Lightning Network, a scalability solution within the Bitcoin network that is meant for the processing instant payments.
The WooCommerce plugin, which is developed by ACINQ, is easily compatible with online stores based on the WordPress content management system. Through the inbuilt dashboard, merchants can easily keep track of the payments. In recent times, ACINQ has been on the frontline of transforming the perception of Bitcoin, so that it becomes a utility rather than an asset, similar to gold.
Nevertheless, Bitcoin has considerable advantages over gold. First, since it is a digital asset, it is easier to distribute and mine than gold, which is a physical metal. Moreover, t is software-based, meaning that it can be upgraded and scaled according to the situational demands of the society. However, for Bitcoin to offer actual rivalry to gold, it has to improve its speeds and lower gas fees.
ACINQ is a technology company whose head offices are located in Paris, France. For the past four years, the firm has concerned itself with the development of scalability solutions for the Bitcoin network. Before working with Strike, ACINQ had previously developed a solution for Lightning payments in collaboration with Bitfury.
About Lightning Network (LN)
The LN is an agglomeration of several duplex payment channels that can facilitate the transfer of value off the Bitcoin blockchain. Lightning network (LN) is regarded as a scaling solution because it eases the burden on the main BTC network.