Cake Wallet Launches Bitcoin Lightning Network Support With Full Self-Custody and Privacy Defaults

Bitcoin Magazine

Cake Wallet Launches Bitcoin Lightning Network Support With Full Self-Custody and Privacy Defaults

Cake Wallet has announced the integration of Bitcoin’s Lightning Network into its advanced privacy wallet. The move comes after a series of Bitcoin-specific updates that put Cake at the forefront of mobile wallets across the broader crypto industry. 

This is not Cake Wallet’s first inroad into advanced Bitcoin features. Unlike most multi-coin wallets such as Binance’s popular Trust Wallet, Cake has gone a lot further than just supporting basic on-chain addresses. Cake has deployed some of Bitcoin’s more sophisticated technology, such as Silent Payments and Payjoin, powerful privacy technologies that most other blockchains and crypto wallets are not even close to. Features of this sort protect users from a wide range of risks, such as targeted scams, as third parties have a harder time tracking user behaviour across the blockchain.
The Lightning Network integration brings Cake wallet into a small group of wallets that support Bitcoin’s fast payments layer with self-custody and privacy in mind. The update is powered by the Breez SDK and Spark, which unlocks self-custody control for users without the need to manage a lightning node.
On the privacy front, Cake has a custom implementation of the Spark suite, which further protects user privacy. In a press release shared with Bitcoin Magazine, the company said, “Lightning transactions in Cake Wallet do not embed your Spark address in Lightning invoices, and transaction data is not published to public explorers by default. Visibility is intentionally limited, reducing unnecessary exposure of user activity and safeguarding user privacy.”
Seth for Privacy, COO of Cake Wallet, highlighted that “Lightning should not require users to sacrifice privacy or custody just to get speed,” adding that “what we have today makes Lightning practical with solid privacy defaults, simple self-custody, and a clear on-chain exit.”

Vikrant Sharma, CEO of Cake Labs, also commented on the announcement, adding that “with Breez and Spark, Lightning finally reaches a point where it can be fast and intuitive without turning bitcoin into an IOU or giving up control. This is the first time Lightning felt aligned with the principles Cake was built on.”

This latest Cake Wallet update also rolled out a variety of improvements to the user interface, including social features like Birdpay, which lets users send crypto to X.com accounts by simply sending to their username.
In recent months, Cake also added support for xStocks, letting users trade and invest in tokenized equities, a breath of fresh air from the tsunami of meme coins and hype chains that have, up until recent years, flooded the broader crypto market. 

This post Cake Wallet Launches Bitcoin Lightning Network Support With Full Self-Custody and Privacy Defaults first appeared on Bitcoin Magazine and is written by Juan Galt.