The developers of ACINQ introduced a version of Strike for Lightning-payments in the core network of bitcoin.
Strike, our stripe-like API for Lightning⚡, is now live on Bitcoin Mainnet! 🎉https://t.co/Gw4Ta13IeO
➡ https://t.co/LXzWZHB6kd#LightningNetwork #bitcoin pic.twitter.com/6pstlz9lqk
— ACINQ (@acinq_co) 24 may 2018 R.
Strike is a simple API for receiving Lightning-payments. From a technical point of view the service works as follows: ACINQ receives and aggregates incoming payments, and then periodically sends onchain transaction to the recipient’s wallet. In other words, the company can offer its customers an instant and cheap payments, receiving funds through the usual onchain transaction.
“We charge only a Commission of 1% for payments. The automatic payouts to your wallet free, as we carry out batching among merchants. Threshold amounts for automatic withdrawal can be set in the range of 0.1–1 BTC”, — noted in the company blog.
Users can also pay on a purse manually, but in this case you will have to pay a Commission of 0.5 mBTC.
According to representatives of ACINQ, though the use of the Strike and suggests the need to trust a third party, the level of risk is minimal, since the service every time it sends onchain transaction, when the total volume reaches user-configured threshold.
“For example, if you set the threshold for withdrawal is 0.1 BTC, you will never entrust us with the amount exceeding 10 million Satoshi”
Documentation for setting up the service and Strike account registration is available here.
Also, the developers noted that currently work is ongoing to Strike integration with the WooCommerce plugin. In addition, ACINQ is considering a partnership with a canadian Internet company Shopify, which specializiruetsya on the development of software for online and retail stores. The company serves 500 thousand trading companies with a combined turnover of $45 billion.
ForkLog previously reported that researchers at mit have tested the possibility of integrating Lightning Network with smart contracts.