Strike Launches 'Sending API': Businesses Can Easily Use the Lightning Network for Payments
"The Strike API can be used to send payments over the Bitcoin Lightning Network from a Strike user’s cash balance. This walkthrough shows you how to integrate the Strike API into your payment process for sending payments."
The @Strike Sending API Documentation is now public!
— Jack Mallers (@jackmallers) February 14, 2023
Businesses and developers can now use the Strike API to send US Dollars over the Lightning Network
Cheaper, faster, global, superior payment experiences on the world's open monetary network#Bitcoinhttps://t.co/HmQHUp3Lt1
Sending a payment via the Strike API begins with obtaining a Lightning invoice. A Lightning invoice is a unique alphanumeric code that acts as a request for payment, and includes an amount to be paid in bitcoin and the destination of the payment.
Once a Lightning invoice has been received, a quote must be generated. The quote specifies the dollar cost of paying the Lightning invoice’s bitcoin amount, and therefore offers a temporary conversion rate between dollars and bitcoin. Both the Lightning invoice and the quote have expiration times.
To send a payment, simply execute the quote. When the quote is executed, dollars are sent from the sender’s cash balance, converted into bitcoin, routed through the Lightning Network, and delivered to the recipient.
