• BlueWallet, a Bitcoin wallet with apps in both the iOS and Android stores, is ending its custodial Lightning wallet service by April 30, 2023.
• Users are requested to remove funds from their BlueWallet custodial Lightning wallets as soon as possible.
• Regular BlueWallet Bitcoin wallets and self-custody Lightning wallets will not be impacted by this change.
BlueWallet Announces End of Custodial Lightning Wallet Service
Sunsetting of Lndhub Node
BlueWallet has announced that it will end its custodial Lightning wallet service by April 30, 2023 due to the availability of more mainstream services offering scalable solutions. This means that creating new or refilling existing Lightning wallets on LndHub node will no longer be possible.
Request to Remove Funds From Wallets
Users are requested to remove funds from their BlueWallet custodial Lightning wallets as soon as possible before the cut off date. Regular BlueWallet Bitcoin wallets and self-custody Lightning wallets will not be impacted by this change.
Availability of Lndhub Software
Lndhub will still be available as a software and self-hosted solution which users can connect to their own LndHub from BlueWallet or other software that supports the LndHub API specification.
Benefits for Bitcoin Users
This news may sound like bad news but it ultimately benefits bitcoin users as going forward, BlueWallet will only support self-custody solutions which is a good thing for both bitcoin and BlueWallet users.