Revolutionizing Bitcoin Transactions: App Integrates Blockstream's Greenlight for Lightning Payments

Relai, a Swiss-based Bitcoin-only application, has integrated Blockstream’s Greenlight solution, introducing Lightning payment functionality to its platform.

Relai partners to enhance Bitcoin payment experience, simplify Lightning Network access, and strengthen security

This collaboration aims to enhance the Bitcoin payment experience for Relai’s user base, enabling approximately 100,000 users to conduct Bitcoin transactions swiftly and affordably via the Lightning Network while retaining control over their private keys.

Furthermore, this collaboration seeks to streamline the integration process, ensuring seamless user adoption and accessibility. Through Relai's platform, users will benefit from an intuitive interface that simplifies the Lightning Network's complexities, providing a user-friendly experience for both novice and experienced Bitcoin enthusiasts. Additionally, the collaboration aims to bolster security measures, safeguarding users' private keys and ensuring the integrity of their transactions. With these enhancements, Relai's user base will enjoy a frictionless and secure Bitcoin payment experience, reinforcing the platform's position as a leading facilitator of decentralized finance solutions.

Greenlight Capital Introduces Novel Approach to Regulated Lightning Nodes by Segmenting into Independent Functions

Greenlight’s novel approach divides custodial Lightning nodes into distinct, independently functioning components. It utilizes Core Lightning for its foundational structure, enabling all operations related to private keys to be executed on the user’s device, effectively making it the signer. The rest, including operational requirements, are managed on Blockstream’s infrastructure.

Blockstream’s infrastructure, grounded in the Validating Lightning Signer project, ensures thorough verification and safeguards user autonomy over fund-related operations, mirroring the architecture of hardware wallets.

Relai Adopts Lightning Payments to Align with Industry Trends

Relai's pivot towards Lightning payments follows broader industry trends, with leading exchanges, including Coinbase, enhancing their Bitcoin transaction capabilities.

In September 2023, Coinbase announced its plan to adopt Bitcoin Lightning payments, underscoring Bitcoin’s pivotal role in the cryptocurrency ecosystem and its potential to enable quicker, more economical BTC transactions.