- River Monetary launches a fresh Lightning Network product for corporations and institutions.
- RLS has been the backend service provider of El Salvador’s Chivo Wallet for over a year.
- River has other well-known customers within the works to be onboarded to the Lightning Network.
River Monetary, a fintech company livid about Bitcoin services and products, has released River Lightning Providers and products (RLS), a Lightning Network integration to support corporations, and institutions leverage the network, per a liberate despatched to Bitcoin Magazine.
RLS has already been stuffed with life in El Salvador for over a year, serving because the backend Lightning integration for the Chivo Wallet. Moreover, the corporate famed that other “well-known customers” will furthermore be coming onboard.
“RLS is the next step on River’s mission to velocity up the adoption of Bitcoin,” stated Alex Leishman, founder and CEO of River. “We’re incredibly proud to be serving the folk of El Salvador and peep ahead to bringing the energy of this nice skills to the area.”
RLS makes the route of of integrating Lightning more uncomplicated by no longer requiring builders to escape any Lightning infrastructure themselves. By utilizing an software-programmable interface (API) “RLS is doing for Bitcoin what Stripe did for bank card processing,” stated the liberate.
Indeed, River has been working within the Lightning ecosystem for the past four years and currently runs one of the considerable considerable perfect nodes on the network. Thus, the corporate defined that running a high-uptime node with a high fee success rate is complicated to motivate an eye fixed on.
Therefore, RLS attempts to strip away on the complexities of the Lightning Network enabling builders to determine with the ecosystem while not having to motivate an eye fixed on its technical hurdles.
Moreover, River famed that “as a result of its instant tantalizing protocol, upcoming multi-asset & stablecoin capabilities via Taro, and immediate and cheap transactions,” the Lightning Network is critical to accelerating the adoption of Bitcoin.
