Developers from ACINQ presented a version of Strike for Lightning-payments in the main bitcoin network.
Strike is an API for easy reception of Lightning payments. From a technical point of view, the service works as follows: ACINQ receives and aggregates incoming payments, and then periodically sends cash transactions to the recipient’s purse. In other words, companies can offer their clients instant and low-cost payments, receiving funds through the usual cash transaction.
“We charge only a commission of 1% for payments. At the same time, automatic payments to your wallet are free, as we carry out their batching among merchants. The threshold amount for automatic withdrawal can be set in the range 0.1-1 BTC,” the company’s blog notes.
Also, users can make a payment to the purse manually, however in this case you will have to pay a commission of 0.5 mBTC.
According to ACINQ representatives, although using Strike and assuming the need to trust a third party, the level of risk is minimal, since the service sends a cash transaction every time the total amount of payments reaches a user-adjustable threshold.
“For example, if you set the threshold for withdrawal to be 0.1 BTC, you will never trust us with an amount exceeding 10 million Satoshi”
The documentation for setting up the Strike service and registering the account is available on the link.
Also, developers noted that work is currently under way to integrate Strike with the WooCommerce plugin. In addition, ACINQ is considering the possibility of partnership with the Canadian Internet company Shopify, which specializes in developing software for online and retail stores. The company serves 500,000 trading companies with a combined turnover of $ 45 billion.
Earlier, researchers at the Massachusetts Institute of Technology tested the possibility of integrating the Lightning Network with smart contracts.