• BlueWallet, a Bitcoin wallet with apps in both the iOS and Android stores, will end its custodial Lightning wallet service by April 30, 2023.
• Users are requested to withdraw funds from their BlueWallet custodial Lightning wallets as soon as possible.
• Regular BlueWallet Bitcoin wallets will not be impacted by this change, nor will self-custody Lightning wallets –– where users connect to their own Lndhub.

BlueWallet Announces End of Custodial Lightning Wallet Service

Why is BlueWallet Ending its Service?

BlueWallet has announced that it will end its custodial Lightning wallet service by April 30th, 2023 due to the availability of more mainstream services offering scalable solutions. The company’s weekend experiment on the fringe technology known as the Lightning Network has fulfilled its purpose in its current form.

What Does This Mean for Users?

Users are requested to withdraw funds from their BlueWallet custodial Lightning wallets as soon as possible. Regular BlueWallet Bitcoin wallets will not be impacted by this change, nor will self-custody Lightning wallets –– where users connect to their own Lndhub.

What Alternative Solutions Are Available?

Users can still access Lndhub as a software and self-hosted solution and connect to their own LndHub from BlueWallet or other software that supports the LndHub API specification.

Conclusion

The end of BlueWallets custodial lightning wallet service is ultimately good for bitcoin and BlueWallet users since it only supports self-custody solutions going forward.