"Amboss, a company best known for building tools and liquidity infrastructure for the Bitcoin Lightning Network, announced the launch of RailsX, a new peer-to-peer exchange designed to let users trade bitcoin and stablecoins directly with one another - without relying on centralized exchanges or giving up custody of their funds, the company shared with Bitcoin Magazine. The announcement was made today at the PlanB Forum in El Salvador."
"At a high level, RailsX aims to solve a problem many Bitcoin users still face: moving between bitcoin, dollars, and other currencies usually requires trusting centralized platforms that can freeze accounts, charge high fees, or restrict access based on geography. RailsX instead uses Bitcoin's Lightning Network to enable direct trades between users, keeping funds under users' control at all times."
"Instead, it acts and facilitates peer-to-peer swaps using Lightning payment channels, allowing users to exchange bitcoin and Lightning-issued stablecoins instantly and at very low cost. Amboss says the system is designed to support stablecoins issued on Bitcoin using Taproot Assets, a newer protocol that allows assets like dollar-pegged tokens to be created and transferred over Bitcoin's Lightning Network."
Amboss launched RailsX, a peer-to-peer exchange that enables users to trade bitcoin and stablecoins directly while retaining custody of their funds. RailsX uses Bitcoin's Lightning Network and Lightning payment channels to facilitate instant, low-cost swaps without holding customer assets or operating a conventional order book. The platform supports Lightning-issued stablecoins created with Taproot Assets, allowing dollar-pegged tokens to be issued and transferred entirely within Bitcoin infrastructure. RailsX aims to reduce reliance on centralized platforms that can freeze accounts, impose high fees, or restrict access, and to broaden access to currency trading for anyone with an internet connection.
Read at Bitcoin Magazine
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