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Chicago-based payment app Strike has integrated with global e-commerce giant Shopify so merchants can accept Bitcoin payments via the Bitcoin Lightning Network. The Lightning Network (LN) is a Layer-2 scaling solution for Bitcoin designed to facilitate faster and cheaper transactions. Strike CEO Jack Mallers revealed the new integration on stage at Miami’s Bitcoin 2022 conference today. The move could allow Shopify’s almost two million global merchants to accept Bitcoin payments denominated in USD. However the only merchant partner cited in Strike’s official release was Warren Lotas, an LA based streetwear brand — and that site was down at the time of writing. Shopify is the world’s 18th largest ecommerce company with about $4.6 billion in annual revenue according to market res...
Strike’s digital wallet has become the fifth most popular finance app in Argentina within a week of its launch. The firm, led by hoodie-wearing CEO Jack Mallers, rolled out its crypto payment services for the Argentinian market on Jan 12. Strike is famed for enabling Bitcoin (BTC) payments via the Lightning network, particularly in El Salvador. However, according to local media and user reports, the firm’s app in Argentina reportedly currently only supports the use of Tether’s stable coin USDT for transfers via Lightning. Users are able to purchase Bitcoin via the app though, and send it to a third party wallet. Mallers tweeted on Jan. 18 that Strike’s app is currently ranked as the fifth-highest finance app and the top new app overall on the Argentinian Apple app store, as he emphasized t...
The Economic and Financial Crimes Commission, EFCC, has said it is set to file 800 new corruption cases in court. The chairman of the commission, Abdulrasheed Bawa, said this Thursday as part of the weekly briefing by Heads of MDAs to give an update on their performance in office. He addressed State House reporters in Abuja. He said the cases to be filed will border on public corruption and cybercrime. The cases were delayed largely because of the strike by judiciary workers who shut down courts in Nigeria for over two months and only recently suspended the strike. At the event, Bawa also vowed that former Abia governor Orji Kalu “will be prosecuted all over again.” Newsmen reported how Kalu was set free by the Supreme Court on technicalities after being convicted of stealing billions of n...
The Academic Staff Union of Polytechnics (ASUP) has suspended its 65 days industrial strike with effect from Thursday, following an agreement reached between the union and the federal government. A statement by Mr Abdullahi Yalwa, National Publicity Secretary of ASUP and made available to newsmen in Bauchi, announced on Wednesday. According to the statement, “the suspension of the strike action was for a period of three months, to enable the government complete the implementation of the issues contained in the Memorandum of Action signed with the Union. “Following an appraisal of the report indicating the gradual implementation of the items contained in the Memorandum of Action signed between our Union and the Federal Government, the Union has resolved to suspend its 65 days old industrial...
Members of the Judiciary Staff Union of Nigeria (JUSUN) have resolved to suspend their two months old industrial action. The decision to suspend the strike was reached on Wednesday at the National Executive Commitee meeting of the union held in Abuja. Deputy President of JUSUN, Mr Emmanuel Abisoye, who spoke with newsmen shortly after the meeting said that the union was prevailed upon by the leadership of the National Judicial Council (NJC) to suspend the strike. Communiqué of the meeting is about now being put together to formally declare the strike action ended. With the latest development, courts in the country which had remained shut during the strike will now reopen. Get more stories like this on Twitter You Deserve to Make Money Even When you are looking for Dates Online. So we reima...
The Amalgamated Union of Foodstuff and Cattle Dealers of Nigeria (AFUCDN) has again threatened to stop food supply to the South and other parts of the country. The union said it would carry out this threat within three weeks if governments at all levels failed to meet its demands within three weeks. National President of the AFUCDN, Muhammed Tahir, who spoke with journalists at the end of an emergency meeting of the union in Abuja on Tuesday evening, lamented that since the Kogi State Governor, Yahaya Bello, intervened in the last three months, which led to the suspension of their six-day industrial action, nothing had been done on the union’s agitation. The union had in March 2021 gone on strike and stopped supply of foodstuffs to the South following allegations of killings of its members...
The Federal Government has directed members of the striking Judiciary Staff Union of Nigeria (JUSUN) and the Parliamentary Staff Association of Nigeria (PASAN) to “urgently” call off their over-two-month-old strike. The Minister of Labour and Employment, Chris Ngige, gave the directive in a statement on Tuesday, threatening that the government might be forced to invoke “sections of the Trade Disputes Acts” if the strike persisted longer. The threat is a government’s familiar warning of possible introduction of “no-work-no-pay” policy to break adamant striking workers. “The ministry will not be happy to be pushed into invoking sections of the Trade Disputes Acts capable of eroding all the gains made so far in the negotiations since May 6, 2021,” the statement signed by the ministry of Labou...