• BlueWallet announced that it will end its custodial Lightning wallet service by April 30, 2023.
• Users are requested to remove funds from their BlueWallet custodial Lightning wallets as soon as possible.
• Regular BlueWallet Bitcoin wallets and self-custody Lightning wallets will not be impacted by this change.
BlueWallet To End Custodial Lighting Wallet Service
BlueWallet has announced that it will end its custodial Lightning wallet service by April 30, 2023. Users are requested to remove funds from their BlueWallet custodial Lightning wallets as soon as possible to prevent any disruption of services. Regular BlueWallet Bitcoin wallets and self-custody Lightning wallets will not be impacted by this change.
Background Of Lndhub
Lndhub started as a weekend experiment on a new fringe technology barely used at the time called the Lightning Network. Today, with the availability of more mainstream services offering scalable solutions, Lndhub has fulfilled its purpose in its current form.
Accessing Lndhub As A Software Solution
Users can still access Lndhub as a software and self-hosted solution, able to connect to their own LndHub from BlueWallet or other software that supports the LndHub API specification.
Optimistic Take On Announcement
The post concludes with an optimistic take, saying that “This may sound like bad news, but this essentially means BlueWallet going forward will only support self-custody solutions. This is good for bitcoin and BlueWallet users.”
Conclusion
With the announcement of ending its custodial Lighting wallet service, users should begin removing funds from their accounts right away in order to prevent any disruptions in services when the change goes into effect on April 30th of 2023. Regular Bitcoin wallets and self-custody Lighting wallets do not need to worry about being affected by this change because they are both secure options for users looking to store Bitcoin securely.