Traditionally considered an odd couple, Bitcoin has made intriguing forays into the crypto ecosystem over the past year. Cake Wallet’s decision to integrate Lightning is an unexpected yet exciting development that continues this trend of Bitcoin integration. In doing so, Cake aims to make Bitcoin more practical for everyday use for its users.
In a post published yesterday, Breez CEO Roy Sheinfield emphasizes the “massive opportunity” this creates:
“Introducing Lightning to the broader world of crypto will help more users interface with Bitcoin, and Lightning is the tech that can put the currency into “cryptocurrency.” Bringing crypto and Lightning together is an inevitable step on the way to mainstreaming Bitcoin”.
This collaboration will see Breez’s open-source SDK, which includes Blockstream’s Greenlight node service, embedded into Cake Wallet, significantly enhancing its functionality. Breez’s SDK is designed to make integrating Lightning into any app straightforward, allowing for faster, cheaper Bitcoin transactions.
Vik Sharma, CEO of Cake Wallet, shared his thoughts on this integration: “We’re thrilled to partner with Breez to bring Lightning payments to our users. This upgrade means faster, cheaper Bitcoin transactions without compromising on privacy and security.”
Roy Sheinfeld, Breez’s co-founder and CEO, added, “Bitcoin is the internet’s native currency, and our goal at Breez is to make it as accessible and easy to use as possible. Partnering with Cake Wallet is a big step in that direction, opening up Lightning payments to hundreds of thousands of users.”
The integration of Lightning via the Breez SDK aligns with Breez’s mission to make Bitcoin more accessible and practical 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.
Breez’s SDK supports various features such as sending and receiving payments, swaps, BOLT 11 payments, and the open-LSP model, which allows apps to choose and change their Lightning Service Providers (LSPs) as needed. This flexibility ensures that integrating the SDK doesn’t lock users into a single service provider, promoting an open and adaptable ecosystem.
Cake Wallet has been on a roll lately as they recently introduced silent payments, another new and impressive privacy feature for Bitcoin users.
For those eager to try 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.