Bitcoin just got a speed boost! Popular Bitcoin-only app, Relai, is integrating the Lightning Network for faster and cheaper transactions.
Here’s the deal:
- Relai users (over 100,000 strong) can now make low-cost Bitcoin payments using the power of Lightning.
- This is made possible through Blockstream’s Greenlight solution, a service designed for businesses to easily offer Lightning payments without managing their own infrastructure.
- Security remains a priority: Greenlight keeps user’s private keys on their own devices, ensuring control over their funds.
Why Lightning?
- Faster transactions: Compared to traditional Bitcoin transactions, Lightning offers significantly faster processing times.
- Lower fees: Transactions on the Lightning Network are much cheaper than on the main Bitcoin blockchain.
This move by Relai follows a trend:
- Major players like Coinbase are also integrating Lightning payments to enhance their Bitcoin functionality.
Overall, this collaboration between Relai and Blockstream signifies a positive step towards wider adoption of the Lightning Network, paving the way for faster and more efficient Bitcoin transactions.
