Paving the way for Lightning’s mainstream adoption
Introducing the Lightspark Wallet SDK
The Lightning Network is a truly amazing payment protocol. It’s scalable, really cheap, interoperable, open to build on, and settles in near real-time. The problem is that until recently, because of its inherent complexity, it was nearly impossible to use by regular companies, and even by established firms with deep crypto experience.
Last month, we released the first version of our platform, a trio of capabilities that removed the entire complexity and challenges of Lightning.
Lightspark Connect: The easiest, fastest way to connect to the Lightning Network to send and receive payments..
Lightspark Predict: One-stop solution for capital efficient and highly reliable payments.
API/SDKs: With the Lightspark API and server-side SDKs, you can seamlessly integrate Lightspark’s services in minutes.
Since that launch, a mere few weeks ago, the landscape of Bitcoin continues to drastically change. With more being done on Bitcoin’s Layer 1 (ordinals NFTs, BRC-20 tokens), the mempool is getting backed up, and fees are increasing rapidly. As such, the need for Lightning has reached new heights, and we’re really delighted to have the right product at the right time for the industry.
Over the last weeks since launch we’ve been engaging with our customers and partners, and as a company, we want to listen and execute very aggressively by iterating on our product rapidly to ensure we can take Lightning to the next level of adoption. Here’s what we heard:
Companies want an easy way to enable Lightning payments for custodial and non-custodial wallets.
Our response: today, we’re excited to launch a first version of our brand new Lightspark Wallet SDK that makes it incredibly easy and scalable to do just that for wallets and platforms of all types. We’re also thrilled to have Rain, the largest crypto-asset platform in the MENA region, launch on our stack. And there are many more wallets integrating as of today.
Regulated entities need to meet their compliance requirements.
Our response: today, we’re unveiling industry-first partnerships with Chainalysis, Notabene, and TRM Labs to ensure regulated players can comfortably onboard onto the Lightning Network.
Merchants want easier ways to accept payments on Lightning.
Our response: today, via our integration with Flexa, the global leader in pure digital payments, there will be support for payments in 100+ different digital currencies from 300+ different wallet apps and at more than 41,000 retail touch points.
A little over a month after our initial launch, we couldn’t be more pleased with the response we’re getting. Bringing to market a true enterprise-grade Lightning solution that meets or exceeds our partners’ expectations is a great way to get started in bringing Lightning payments to billions of consumers all over the world in the years to come.
We’re looking forward to continuing to iterate and build new groundbreaking products on the Lightning Network. Much more is coming soon…
Onward ⚡️!