Flash Wallet was released on July 29th. Provide faster transactions More than the basic layer.
According to the Flash Wallet team, this application is “Accumulate SAT, receive payments, manage your business.”and aims to be «Developers, Freelancers, Merchants, Professionals».
Flash Wallet has the characteristic of “you can make payments while in your pocket,” according to Pierre Corbin, the wallet co-founder.
Its quality is based on the use of the Nostr Wallet Connect (NWC) protocol, which facilitates interaction between users and merchants. Corbin told Cryptonosis:
“Nostr Wallet Connect enabled direct debit and supported this feature through push notifications. So, if a merchant uses one of the tools, it can also send a push notification to the wallet to generate a light invoice, and then activate the payment of the fee directly once the merchant receives the payment.”
Pierre Corbin, Flash Wallet Co -Founder.
In other words, flash wallets allow users to request and manage payments without the need for manual intervention. If you have previously approved the automation. This allows for more liquid payment experiences, especially for services that require repeated fees or dynamic committees.
However, this wallet is already available on the App Store and Google Play., Currently, you can only receive payments from another Lightning network wallet.
Liquid as a base, lightning as a payment route
Flash Wallet uses Lightning Network to allow quick and cheap payments with Bitcoin thanks to Breeez, a company specializing in Lightning payment solutions. To do this, he uses “Swap Liquids”an automatic exchange between Bitcoin and the main network of Lightning Network.
but, Funds will be kept in L-BTCBitcoin version that works on Liquid Network. This L2 offers more speed, but requires some degree of trust in the coalition of entities that manage it, especially when withdrawing funds from the main network.
Corbin, the project developer, said Liquid is not 100% without permission like Bitcoinallowing each user to maintain exclusive control over their funds. «No one else can move or freeze user’s L-BTC. Only the head of the key can be signed and spent».
Finally, the use of liquids is a commitment worth it, according to Corbin. Achieve scalability and promote international payments.
