Bitcoin Industry Insights #1
9/27/2022 - 10/4/2022
💡 Daily Reminder: Stay humble, stack sats
Bitcoiners,
Today's newsletter highlights major Bitcoin industry news announced this past week.
Summary
Strike closes $80 million funding round
Russia to allow international trade in Bitcoin
Microstrategy to hire Bitcoin software engineer
Weekly Roundup
Strike closes $80 million funding round
Strike to acquire new business partners and expand its products.
Strike is one of the leading payment companies building infrastructure on top of Bitcoin's Lightning Network. Strike's API product is leveraged by Blackhawk (the largest global payment provider) and Shopify (a leading ecommerce platform). The new funds will be used to service existing partners and bring on new clients to advance the Bitcoin payments industry.
Read more about the significance of this news:
Russia to allow international trade in Bitcoin
The Ministry of Finance of the Russian Federation plans to let any industry in the country to accept bitcoin for international trade without restriction.
From recent actions in Ukraine, the West cut off Russia from using Swift, a major global payments network. Capitalizing on bitcoin and other cryptocurrencies open border nature allows Russia to bypass using closed systems such as Swift. Interestingly, Russia also has plans to implement a digital ruble in 2023.
Microstrategy to hire Bitcoin software engineer
The Bitcoin software engineer will build an enterprise-grade ecommerce and cybersecurity SaaS platform.
Microstrategy, a publicly traded technology company that provides business intelligence, mobile software, and cloud-based services just opened up a new business unit built upon the Bitcoin and Lightning Network. The significance is clear in the job description as the company is looking to hire a bitcoiner with prior experience developing on Bitcoin and Lightning. The job posting also indicates a need to hire bitcoiners in the future.
Weekly Roundup
Here are other noteworthy industry news articles from this week:
SPAIN’S LARGEST TELECOM COMPANY TELEFÓNICA NOW ACCEPTS BITCOIN PAYMENTS
BITCOIN MAGAZINE PARTNERS WITH IBEX AS PAYMENT SPONSOR FOR BITCOIN CONFERENCES
BITCOIN POLICY INSTITUTE CALLS ON U.S. TO REJECT ITS CENTRAL BANK DIGITAL CURRENCY
BITCOIN NON-PROFIT BRINK FUNDING 11 BITCOIN, LIGHTNING DEVELOPERS TO IMPROVE THE ECOSYSTEM
SWAN BITCOIN ACQUIRES BTC CUSTODY PROVIDER SPECTER SOLUTIONS
Happy Tuesday,
-Pod
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Eric Podwojski
Founder, Bitcoin EDU
Twitter: @epodrulz
Disclaimer: This should go without saying: This is not financial advice. This is not investment advice. I write this newsletter for education and entertainment. Act accordingly.
