Key Takeaways
- Relai partners with Blockstream Greenlight to enable Lightning payments.
- Greenlight allows users to control private keys while using Blockstream's infrastructure.
- Relai's integration follows the trend of exchanges integrating with Lightning.
Relai, a Swiss-based Bitcoin-only app, is set to enhance its self-custody solution by integrating Lightning payment functionality.
This collaboration with Blockstream’s Greenlight will allow Relai’s 100,000 users to make low-cost Bitcoin payments using the Lightning Network while maintaining control of their private keys.
Blockstream’s Greenlight solution
Greenlight, launched by Blockstream in June 2023, offers a Lightning-as-a-service solution that enables fast, low-fee Bitcoin payments.
It allows users to control their private keys while leveraging Blockstream’s infrastructure for the operational needs of the Lightning Network.
Relai’s focus on Bitcoin
Relai, founded in 2020, has a dedicated focus on Bitcoin trading and custody.
With over $300 million in trading volume in the past four years, Relai’s decision to integrate Lightning payments aligns with its commitment to enhancing Bitcoin functionality.
This move follows the trend of major exchanges like Coinbase, which announced a planned integration of Bitcoin Lightning payments into its offerings in September 2023.
