@_arshbot launches Magnolia Financial@_arshbot launches Magnolia Financial

After over a year of building, I’m pleased to announce Magnolia is shipping.

Now you can:

• have subscription to btc in app
• stablecoins/fiat disbursements
• auto-loan top-ups
• noncustodial lightning onramp

In every state, even NY, FL, CA, and TX

link to the actual announcement tweet

This sounds like a very slick new backend for anyone wanting to integrate fiat transfers to their Bitcoin app. And loans. Looks like they have all the things (ie. licenses) for connecting your Bitcoin project to traditional finance.

I'm particularly curious about the lightning integration. Their docs show that you can use their API to fetch invoices and do some other stuff and @_arshbot said that it is "noncustodial lighting" so I'd love to know if anyone has more info on this.

Seems like Magnolia is essentially an exchange...but designed to promote integration with apps.

Their website is pretty cool.

They are backed by Epoch and one of their partner banks is Bitgo (which just raised $212 million).

Definitely something to learn more about. Perhaps we can get @_arshbot to do an AMA...