BitGo has announced the integration of the Bitcoin Lightning Network directly from its qualified custody platform. As one of the solutions to enable Lightning access directly from qualified custody, this expansion builds on BitGo’s Lightning Network offering. The service delivers institutions a way to “leverage Lightning’s speed, efficiency, and privacy for payments.”
Building on the company’s prior release of a self-custody Lightning solution earlier this year, this new service is “integrated directly into BitGo’s qualified custody.”
The functionality is delivered through a strategic partnership with Voltage, a provider of Lightning Network infrastructure.
Clients now reportedly gain access to simple APIs for creating wallets, “sending payments, generating invoices, and retrieving transaction histories, fully integrated into BitGo’s wallet infrastructure, policies, and user permissions.”
For enterprises adopting Lightning, the operational burden of running nodes, managing channels, “maintaining liquidity, and managing keys can be substantial.”
BitGo eliminates this complexity, reportedly delivering “Lightning access without operational overhead.”
As covered, BitGo is a digital asset infrastructure company, “delivering custody, wallets, staking, trading, financing, and settlement services from regulated cold storage.”
Since their founding in 2013, BitGo says it has been “focused on accelerating the transition of the financial system to a digital asset economy.”