BTCPay Server Now Processing Blockstream’s Liquid Assets
Blockstream’s Liquid sidechain is now integrated with BTCPay Server, the self-hosted bitcoin payment processor.
Announced Wednesday at 20:15 UTC, BTCPay customers can now transact assets issued on the federated sidechain such as liquid bitcoin (L-BTC) or tether (L-USDT), according to a Blockstream blog post.
Liquid’s confidential asset tech – a privacy protocol that blinds typical blockchain transaction information – is now part of the BTCPay suite of payment options thanks to the partnership, the team writes.
Instead of operating on the bitcoin network, which, according to rule of thumb, requires six confirmations to be considered settled, Liquid can finalize transactions in two minutes through its federated sidechain.
Stablecoin tether was first introduced onto Liquid last summer. Tether Inc. recently moved $15 million in tokens from the ethereum network to Liquid due to trader demand for L-USDT, said Tether CTO Paolo Ardoino.
The Liquid pairing is BTCPay’s latest, following integration with bitcoin full node service Casa in October 2019. A fully self-hosted server, Blockstream’s BTCPay instance will be updated to accept its own Liquid sidechain tokens, the firm said.
Disclosure Read More
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.