Stacked, formerly known as Lightning Pay, has launched a self-custodial Lightning wallet, marking a significant development in the New Zealand cryptocurrency market. The wallet allows users to store and manage their Bitcoin without relying on a third-party custodian.
The launch comes after a wave of mergers and shutdowns in the New Zealand non-custodial Bitcoin space, with Stacked emerging as one of the few remaining platforms. The company's self-custodial wallet is designed to provide users with full control over their Bitcoin, enabling them to make transactions and manage their funds independently.
Stacked has not issued an official statement regarding the launch, but the company's website now features information on the self-custodial wallet, including its key features and benefits. The wallet is available for download on the company's website, and users can begin using it immediately.
Stacked's self-custodial wallet is built on the Lightning Network, a second-layer scaling solution for Bitcoin that enables faster and cheaper transactions. The wallet's launch is a significant milestone for the company and the New Zealand cryptocurrency market, which has seen a decline in non-custodial Bitcoin exchanges in recent years.
The company's rebranding from Lightning Pay to Stacked is also notable, as it reflects the company's shift in focus towards self-custodial solutions.
