- The Chicago-based company on Tuesday announced a $80 million raise to further those ambitions, and break what its brash CEO Jack Mallers calls the “monopolistic, anti-American” dominance of the credit card firms.
- The funding round was led by Ten31 and joined by new investors Washington University in St. Louis Endowment, University of Wyoming Endowment, and Susquehanna Investment Group.
- In an interview with Fortune, Mallers said Strike will use the money in part to develop partnerships with major retailers such as Wendy’s and Starbucks, and to change the payments experience for merchants and customers alike.
- While the idea of challenging credit card giants with Bitcoin may sound pie-in-the-sky, Strike already has shown real-world traction by persuading e-commerce giant Shopify as well as the global point-of-sale service NCR to employ its technology.
- Announcement previously listed $90m raise but has been corrected to $80m.
No two users can claim the same addresses on the platform ensuring that there is no cross-attestation. Additionally, if a user removes an address or wallet, that address cannot be re-attested for at least 60-days.
Block (formerly Square) will be manufacturing their upcoming hardware wallet in Austin, Texas. This post highlights the process they took when making this decision.
Genesis is the main partner in Gemini’s “earn” programme, where retail investors lend out their coins in exchange for a fixed stream of returns. Gemini halted withdrawals from the scheme last month.