Amboss Technologies, a developer in the Lightning Network ecosystem, has announced RailsX, the first Lightning-native peer-to-peer decentralized exchange (DEX), at the PlanB Forum in El Salvador. It empowers users with complete freedom to transact at scale in stablecoins and Bitcoin, leveraging censorship-resistant, Bitcoin-native technologies like the Lightning Network and Taproot Assets.
In a world where traditional financial systems impose barriers and high costs, RailsX eliminates these hurdles by enabling atomic cross-asset swaps through circular self-payments on Lightning channels. This innovation targets lower costs as a true scaling solution, allowing open participation without the need for new blockchains. By combining Amboss’s liquidity marketplace, Magma, with Taproot Assets, RailsX enables decentralized P2P trading that it says aligns with the draft CLARITY Act legislation, ensuring compliance while preserving user sovereignty.
RailsX builds on Amboss’s existing product, Rails, which enables Bitcoin and stablecoin holders to provide liquidity to the Lightning Network and earn fees without surrendering custody or control of their assets. Together, RailsX and Rails create an ecosystem that boosts liquidity for cross-asset Lightning payments. In partnership with Magnolia and Bringin, RailsX supports on/off ramps to traditional banking rails in the US and Europe, enabling users to seamlessly convert between fiat currencies and Bitcoin or stablecoins. This positions Bitcoin as a global medium of exchange, potentially unlocking access to the $9.5 trillion daily foreign exchange market and fostering financial inclusion on a massive scale.
The announcement comes on the heels of recent developments from industry leaders, including Paolo Ardoino of Tether and Elizabeth Stark of Lightning Labs, who have committed to bringing USDT back to Bitcoin and issuing Tether natively as a Taproot Asset. RailsX is poised to capitalize on this momentum, making stablecoin-to-Bitcoin transitions effortless and censorship-resistant.
“The phrase about money printing is also true for Bitcoin’s technology. Lyn Alden said it best: nothing stops this train,” said Jesse Shrader, CEO of Amboss Technologies. “RailsX represents the next unstoppable step in Bitcoin’s evolution, delivering true financial freedom to users worldwide through scalable P2P trading in self-custody.”
Amboss Technologies operates a liquidity marketplace, Magma, and the Lightning Network Research Portal.