Traditionally considered an odd couple, Bitcoin has created fascinating incursions in the crypto ecosystem over the past year. Cake Wallet's decision to integrate Lightning is an unexpected but exciting development that continues this Bitcoin integration trend. By doing so, Cake aims to make Bitcoin more practical for everyday use for its users.
In a article published yesterdayBreez CEO Roy Sheinfield highlights the “huge opportunity” this creates:
“Introducing Lightning to the broader crypto world will help more users interface with Bitcoin, and Lightning is the technology that can turn currency into “cryptocurrency.” Bringing crypto and Lightning together is an inevitable step on the path to Bitcoin integration.”
This collaboration will see The Breez open source SDKincluding The green light from Blockstream node service, integrated with Cake Wallet, significantly improving its functionality. Breez's SDK is designed to make it easy to integrate Lightning into any application, enabling faster and cheaper Bitcoin transactions.
Vik Sharma, CEO of Cake Wallet, shared his thoughts on this integration: “We are excited to partner with Breez to bring Lightning Payments to our users. This upgrade means faster and cheaper Bitcoin transactions without compromising privacy and security.
Roy Sheinfeld, co-founder and CEO of Breez, added: “Bitcoin is the native currency of the Internet, and our goal at Breez is to make it as accessible and easy to use as possible. The partnership with Cake Wallet is a big step in this direction. opening Lightning payments to hundreds of thousands of users.
Lightning integration through the Breez SDK aligns with Breez's mission to make Bitcoin more accessible and convenient for everyday transactions. Breez's technology not only provides seamless integration, but also ensures users maintain control over their funds, offering a non-custodial solution that emphasizes privacy and security.
The Breez SDK supports various features such as sending and receiving payments, swaps, BOLT 11 payments, and the open-LSP model, which allows applications to choose and change their Lightning Service Providers (LSPs). ) according to their needs. This flexibility ensures that SDK integration does not lock users into a single service provider, fostering an open and adaptable ecosystem.
Cake Wallet has been on a roll lately as they recently introduced silent paymentsanother awesome new privacy feature for Bitcoin users.
For those interested in trying it out, the public release of the Lightning-enabled Cake Wallet is expected in July 2024. This new feature promises to make Bitcoin transactions smoother and more efficient for everyday users.