With the high fees recently, it's been hard to onboard brand new people to BTC. Say you owe someone $50 for dinner, well setting them up with a non-custodial wallet costs $20 for a lightning channel. They aren't likely to be too excited about that. Custodial wallets are banned in my country, and also I'm not interested in doing that. I did that before and certain services rugged (I mean went "bankrupt").
Aqua wallet, recently launched by Samson Mow's JAN3, seems like a game changer. It allows normal lightning send/receive like Muun wallet (which functions extremely reliably sans the fees), but the funds are stored as L-BTC on the Liquid sidechain.
Granted, if someone is interested in holding more BTC and diving into it further, they should obviously store money on mainnet (it has this feature as well). But for noobs as a first wallet, this seems to solve a lot of pain points.
Main complaint is that the lightning sends can be faster, it's ~10 sec, while normal Lightning on Pheonix wallet is ~1-2 sec.
It's custodial isn't it? no thanks.
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Seems like the wallet has a solid use case, i'd keep my eyes on it
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Interested in seeing where this goes well be keeping up with this post to see other comments
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50 sats \ 1 reply \ @k00b 10 Jan
Someone made a post about it. I can't find it for some reason. :)
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