Cryptocurrency payment app Strike completes $80 million funding, led by Ten31

Chain Catcher news, the cryptocurrency payment application Strike, built on the Bitcoin Lightning Network, announced the completion of a $80 million financing round. This round was led by Ten31, with participation from the Washington University in St. Louis Endowment Fund, the University of Wyoming Endowment Fund, and Susquehanna. The funds will be used to establish partnerships with major retailers such as Wendy's and Starbucks, and to transform the payment experience for merchants and customers.

Strike is a cryptocurrency payment application based on the Lightning Network, and the company is committed to challenging credit card giants Visa and Mastercard in everyday payments. (Source link)