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BlueWallet To Sunset Custodial Lightning Wallet Service

On-chain Bitcoin wallets and self-custody Lightning wallets is not going to be impacted, in response to a weblog posted by the cell Bitcoin app firm.

BlueWallet, a Bitcoin pockets with apps in each the iOS and Android shops, has introduced that it’s going to finish its custodial Lightning pockets service by April 30, 2023.

In a weblog submit, the corporate defined that “At this time, we’re asserting that the Lightning node, Lndhub.io, the place BlueWallet gives Lightning wallets to its customers, is sunsetting. Whilst you can nonetheless withdraw your sats, creating new or refilling current Lightning wallets on LndHub node will not be attainable.”

The submit proceeds to request that customers take away funds from their BlueWallet custodial Lightning wallets as quickly as attainable. It’s also made clear that common BlueWallet Bitcoin wallets is not going to be impacted by this modification, nor will self-custody Lightning wallets –– the place customers connect with their very own Lndhub.

“Lndhub began as a weekend experiment on a brand new fringe expertise barely used on the time known as the Lightning Community,” the weblog explains. “At this time, with the supply of extra mainstream companies providing scalable options, Lndhub has fulfilled its function in its present kind.”

Customers will nonetheless have the ability to entry Lndhub as a software program and self-hosted answer, in a position to connect with their very own LndHub from BlueWallet or different software program that helps the LndHub API specification.

The submit concludes with an optimistic take, saying that “This may occasionally sound like dangerous information, however this basically means BlueWallet going ahead will solely assist self-custody options. That is good for bitcoin and BlueWallet customers.”