Relai, a European non-custodial Bitcoin wallet with broker services included in the app, is revealing their combination of Lightning performance today at the Plan B conference in Lugano. Lightning assistance will at first present as a closed invite-only beta program, gradually presenting to complete public gain access to before completion of the year Q4 2023. Starting early 2024, Relai will broaden the combination to direct purchases through their broker service straight into their Lightning wallets.
This combination comes through a collaboration with Breez, one of the earliest self custodial Lightning wallets still in operation today, using of the Breez Software Development Kit (SDK). The SDK will enable Relai to effortlessly incorporate Lightning performance for their users while counting on Blockstream’s just recently released Greenlight service to deal with all of the backend performance for users. Greenlight runs the bulk of the node software application in the cloud for users, while still keeping the personal secret utilized to manage funds and license updates to users’ channels by themselves gadget. This enables a smooth and fast user experience, while still keeping a self custodial plan where Greenlight is incapable of modifying the state of a user’s Lightning channel without their participation.
The Breez SDK and Greenlight will make sure that the whole Lightning experience for Relai users is not just self custodial, however eliminated an action from Relai. Greenlight will offer users access to several LSPs as channel peers, providing optionality in a market to discover the very best costs or network connections to enhance for their usage cases and spending plans. It also warranties that aside from purchases transferred straight into their Lightning wallet by Relai, the business will have no insight into users’ activity on the Lightning Network since of their absence of participation in running the real LSP facilities a user is linked to.
Adem Bilican, Co-Founder and CTO of Relai states of the cooperation, “Our collaboration with Breez fortifies our position at the forefront of the Bitcoin revolution in Europe. By integrating the Bitcoin Lightning Wallet, we are not only enhancing the user experience but also propelling Bitcoin’s adoption as a daily transactional currency.”
Roy Sheinfeld, Breez Co-Founder and CEO, states in this regard, “Working with a forward-thinking partner like Relai has been a delightful journey. We are united by the vision of making Bitcoin and Lightning easily and securely accessible to as many people as possible.”
This collaboration will bring the complete plan to European Bitcoin users, self custody on-chain, on and off ramps, and Lightning payment assistance all bundled together into one application all without jeopardizing on the concepts of self custody. Keep your eyes peeled for the combination to come out of beta in the coming months.
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