Cake Wallet Integrates Lightning, Making Bitcoin Transactions Faster and Cheaper
In a surprising move, Cake Wallet has announced its decision to integrate Lightning into its platform, aiming to make Bitcoin more practical for everyday use. This unexpected development comes as part of a broader trend of Bitcoin integration into the crypto ecosystem.
Breez CEO Roy Sheinfield expressed excitement about the collaboration, highlighting the significant opportunity it presents. By introducing Lightning to a wider audience, more users will be able to interact with Bitcoin, ultimately mainstreaming the cryptocurrency.
The integration will see Breez’s open-source SDK, which includes Blockstream’s Greenlight node service, embedded into Cake Wallet. This move is expected to enhance the functionality of Cake Wallet, allowing for faster and cheaper Bitcoin transactions.
Cake Wallet CEO Vik Sharma shared his enthusiasm for the partnership, emphasizing the benefits it will bring to users. The integration of Lightning payments will enable faster and more cost-effective transactions without compromising on privacy and security.
Roy Sheinfeld, co-founder and CEO of Breez, echoed Sharma’s sentiments, stating that the goal of Breez is to make Bitcoin as accessible and easy to use as possible. Partnering with Cake Wallet is a significant step in achieving this goal, as it opens up Lightning payments to a broader user base.
The Breez SDK supports various features such as sending and receiving payments, swaps, BOLT 11 payments, and the open-LSP model, allowing apps to choose and change their Lightning Service Providers as needed. This flexibility ensures that users are not locked into a single service provider, promoting an open and adaptable ecosystem.
Cake Wallet has been making waves in the crypto community recently, introducing new privacy features such as silent payments. The public release of the Lightning-enabled Cake Wallet is expected in July 2024, promising to make Bitcoin transactions smoother and more efficient for everyday users.
Overall, the integration of Lightning into Cake Wallet represents a significant step towards mainstreaming Bitcoin and making it more accessible for everyday transactions. With faster and cheaper transactions on the horizon, Bitcoin users have much to look forward to in the coming months.
