- The Bitcoin node manufacturer nodl is launching an offer focused on the Lightning Network.
- nodl light is a lightweight plug-and-play Lightning node for Bitcoin traders from developing countries.
- The product aims to enable real financial sovereignty in a more convenient way.
According to a statement sent to Bitcoin Magazine, hardware Bitcoin node provider has launched nodl nodl light, a Lightning Network node offering aimed at merchants in developing countries. The lightweight device enables merchants to accept Bitcoin payments through Lightning while maintaining complete control of their wallets and keys.
“Merchants using nodl light have full control over a dedicated Lightning node while benefiting from shared Bitcoin Core and payment processing resources hosted by nodl in their cloud infrastructure,” the statement said. “This hybrid setup is a novel, modular approach that highlights efforts to bring Bitcoin to a wider audience while placing a strong focus on security.”
The trigger for the development of the product was the approval of Bitcoin as legal tender in El Salvador in September, said nodl. The company wanted to offer merchants in the Central American country an effortless way to self-confidently accept Bitcoin in exchange for their goods and services.
“Although this news was very well received by the Bitcoin community overall, it raises two main questions about the implementation of the new law on such a large scale and in a very short period of time,” the statement said. “First, how much training would it take to get nearly 7 million new users? Second, how could this onboarding be done without resorting to centralized government or government tools. “
The open source node-in-a-box solution aims to help people really fit into the bitcoin economy so that they can be truly financially sovereign. When using custody or centralized bitcoin solutions, most of the currency network’s value proposition is lost.
Nodl light will be available at an MSRP of less than $ 200 in early 2022, the company said.
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