Strike, the Lightning Network-based payments app operator, has closed a Series B funding round of $80 million. According to a press release.
Lead investor was the venture firm Ten31. The funding was also provided by the University of Washington in St. Louis and the University of Wyoming.
The funds raised will be directed toward expanding partnerships, scaling the business and supporting efforts to improve payments.
In particular, the operator plans to launch a new line of products and develop an API. The latter is already integrated with platforms such as Blackhawk, NCR and Shopify.
“Strike and Ten31 share a common vision of the positive impact Bitcoin can have on the world, and they are united in accelerating its adoption,” said Grant Gilliam, co-founder of the venture firm.
In 2021, Strike added in-app salary-to-Bitcoin conversion for US users.
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