Bitcoin Adoption To Accelerate with Wave of Integration into Applications and Payment Systems

The Bitcoin owner was instrumental in the announcement of El Salvador at a conference last year which waxed philosophical on the role of Bitcoin as the payments network. However, Jack Mallers, Strike (STRKUSD) CEO, has recently unveiled a long list of the high-powered set of partnerships for Lightning Network of Bitcoin at the more contemporary conference of Bitcoin in 2022. It includes the proper integration with the Shopify of ecommerce giant.

This will enable millions of Americans to walk in stores that plug in the stalwarts of payments and also pay across the entire Lightning Network. Mallers also said that Strike partnered with the world’s biggest supplier of point-of-sale. It is the payments firm of Blackhawk.

In the same vein, MetaMask recently made a surprise announcement about its integration with Apple Pay to its app and website. While Apple (AAPL) doesn’t directly support crypto payment directly, MetaMask users will be redirected to Wyre, a cryptoexchange that facilitates buying and selling of cryptocurrency, users will now have the option to make the payment via credit or debit card through Apple Pay.

MetaMask uses two payment gateways Wyre and Transak to support debit card and credit card transactions. Users can now use their Visas and Mastercards stored in Apple Pay to buy ETH and deposit a daily maximum of $400 into their wallets, thanks to the Wyre API. Gas fees are reportedly lower, and, according to MetaMask‘s tweets, some transactions may even be gasless if done on a private blockchain or if a project pays for the gas on the user‘s behalf. When completing an ETH purchase, MetaMask discloses that it does not profit from gas fess.

This looks like a mutually beneficial partnership. Apple's payment solutions introduced last year could help the tech giant increase volume. In 2022, Apple has big plans for the development of other innovative features, such as enabling Wallet support for state IDs and driver's licenses. Apple brought its mobile wallet to nine new markets in 2021 – including Colombia, Israel, and Mexico – bringing its global footprint to nearly 60 countries and regions. The Apple Wallet also supports transit systems in more than 200 cities. (It debuted in two Chinese cities in late 2021.)