NEWSLETTER
Founder: Jesse Shrader and Anthony Potdevin
Founded date: March 2021
Location of the headquarters: Nashville, Tn
Number of employees: 10
Website: <a target="_blank" href="https://amboss.tech/”>https://amboss.tech/
Public or private? Private
Jesse Shrader thinks this will be an important year for the Lightning Network.
With the price of bitcoin in ascent and Tethher (USDT) reaching Lightning, Shrader postulates that more and more companies and institutions will begin to see a ray for payments in next year.
And his company, both, is prepared to help make this vision come true.
“We want to extend bitcoin as a payment system and use a ray to do it,” Shrader told bitcoin magazine. “We want to make Ray a high efficiency and high performance system.
Through a set of tools and services that Shrader and the team of both have developed, they are prepared to incorporate the next wave of institutional users into the network of payments without permits in the world, especially now that the USDT is executed in good heavens.
What both do
Both mainly provides smart payment infrastructure for digital payments using the light network.
“We give information to people regarding what they should do to increase the efficiency of payments on the network,” said Shrader.
To achieve this, they offer a series of products and services.
One of the most notable is Both spacewhich is a light network explorer who uses automatic learning to help users recover information or connect to any node on the network.
Beyond their analysis software, both also provides their customers with tools and services to help improve the liquidity conditions in the rays.
One of those services is Magma marketwhich allows users to buy and sell liquidity in the lightning network. Using magma, users can provide liquidity, without giving up custody of their bitcoin, to obtain performance.
Another is HydicAn extension of the magma. The software allows users to automate their liquidity purchases to better guarantee payments.
(And both also offers Reflectiona set of compliance for commercial clients with AML reports (anti-launch of money)).
The software and analysis tools of both are created for high volume transactions, which are becoming easier to do in the rays.
“We measure the capacity of companies to make payments with simulations,” Shrader explained. “We will help companies to see how much of the network can really arrive when they try a payment.”
The ray status
Shrader is optimistic when it comes to ray growth. With every day that passes, users depend on the network to send more than only micropayos.
“We have been successfully processing daily payments in Lightning, which I am defining between $ 10 and $ 4,000 of payments,” Shrader said. “We are working to further improve network capabilities, with an focus on decentralization.”
Payments greater than $ 4,000 are still difficult to process. Shrader explained that more capital is needed to help make larger payments.
However, he also pointed out that the recent increase in the price of bitcoin has helped the greatest payments to process more easily.
“What we recently saw is that the price of bitcoin has increased, which has increased the liquidation capacity in all ray channels,” Shrader said. “Since the channels are called bitcoin, it is as if we had larger tubes.”
And although Shrader is optimistic about these larger pipes that allow greater performance, he also believes that Tether (USDT) is reaching lightning will attract even more liquidity to the network.
Tether (USDT) in Lightning
At the end of last month, Lightning Labs <a target="_blank" href="https://www.forbes.com/sites/digital-assets/2025/02/01/tether-to-introduce-usdt-to-bitcoin-and-the-lightning-network/”>announced which is bringing USDT to bitcoin and the Lightning Network through the Taproot Assets protocol.
This update allows bitcoin service providers to integrate and accept USDT more easily, what Shrader believes will be a blessing for rays.
“One thing that is very clear is that Tether has an adjustment of the product market,” Shrader said.
“Last year, he attended $ 10 billion in payments, which exceeds Visa and Mastercard,” he added.
“It is very clear that the world wants US dollars.”
Shrader, a pragmatic, recognized the fact that many hard -line bitcoinists have problems with the USDT that is executed in bitcoin and Lightning, and sympathizes with them, since he appreciates that the solid monetary qualities of bitcoin.
At the same time, he believes that the benefits of having USDT in the rays clearly exceed cons, since many do not yet understand what bitcoin is, nor are they willing to support their volatility.
“Many have not yet taken the orange pill and have come to understand the advantages of bitcoin,” he explained.
“I think bitcoin is an incredible tool, and I want to take it as many people as possible. That said, there are many problems with traditional payments, and bitcoin has this very safe auditable system, which is something that I want to contribute to the world to scale, ”he added.
“While bitcoin's price action is excellent for me, many people are afraid of volatility. If you have an asset with very low volatility like USDT, now on very safe and reliable rails, it is a great victory. “
The problem that USDT in Lightning solves
Shrader told how the first conference related to bitcoin Microstrategy organized was actually called “Lightning for Corporations.” At the conference, companies were encouraged to start paying employees in bitcoin for lightning, without realizing the problems that this would cause at that time.
“What the employers realized was that all the 1099 that should be presented to the employees were a discomfort,” Shrader said. “And there were a lot of regulatory overloads with which they had to deal with too.”
Shrader said that not only can employees pay in USDT for lightning reducing accounting and regulatory headaches, but also reduces part of the risk of counterpart associated with the use of banks, a reality with which Shrader is quite familiar.
“Our payroll used to go through Silicon Valley Bank,” said Shrader.
“And, at one time, the payroll provider contacted me to forward my payroll in the middle of the month after having tried to pay the staff. I lost the track in a half month. All this was because Silicon Valley Bank was insolvent, ”he added.
“Then, if I can avoid the risk of counterpart in the financial system when moving to bitcoin and Lightning, that means I am in a much better place.”
(Author's Note: There is still a certain risk of counterpart when USDT is used, since it must trust that Tether has real dollars to support the tokenizades he emits).
The risks
Shrader pointed out some of USDT's risks in bitcoin and Lightning, but did not seem too worried about them.
“There are some <a target="_blank" href="https://www.coinbase.com/learn/advanced-trading/what-are-frontrunners-and-mev-when-it-comes-to-crypto-trading”>MEV Risks when you have assets that are not the native asset of a blockchain that is marketed in the chain, “said Shrader.” But bitcoin already has ordinal inscriptions that create other assets, so that problem already exists. “
Nor did it seem nervous when I mentioned the risk of a bifurcado of bitcoin that turned out that the USDT in one of the chains became useless, nor felt that there is a remarkable risk of larger economic nodes in the bitcoin network, such as Coinbase, which guardians The bitcoin bitcoin bitcoin of the US Spot.
“bitcoin's consensus is not determined by bitcoin's custody, so, although an important business as Coinbase can support several changes or initiatives, that does not guarantee that changes in the protocol are affected,” said Shrader.
Instead of focusing on the risks associated with the USDT in bitcoin, Shrader is doing the opposite.
“What is most interesting are probably the opportunities that unlock where you have a real arbitration capacity in bitcoin,” Shrader said.
“Since each node is able to make transactions both in USDT and bitcoin is also able to exchange between them natively in the rays, you can send bitcoin of a ray channel and receive USDT in another of its ray channels,” He added.
“That can be as simple as generating a USDT bill and paying it with btc, instantly rebalancing holdings.”
2025: The year of rays
In the final Shrader thoughts of my interview with him, he shared two last key reasons why 2025 will be the year of Lightning.
The first is that bitcoin maintenance is no longer required to use lightning.
“Until this year, if people or companies wanted to change to lightning, they first needed to have bitcoin, and that is a great barrier,” Shrader explained. (Shrader added in an answer to a monitoring question that, outside the United States, it is relatively easy and common to obtain access to USDT).
“The market only for bitcoin payment processing is small. But this year we have eliminated that barrier, and consumers can pay with another asset: USDT. There is already a big market for that, ”he added.
(Shrader also pointed out that while Usdt is running on lights light, bitcoin still benefits, since the USDT becomes bitcoin as he travels through lightning. He added that “all that bitcoin slides over a lightning more gratifying execute a light node.
In addition, Shrader said that Lightning users will only pay a small fraction of what they had been paying in transaction rates using traditional financial rails.
“We are providing liquidity to less than 0.5%,” said Shrader.
“As a user of large payment card networks, I am paying 4% for all that payment processing, and the money does not appear for days or weeks after the payment is made,” he added.
“With lightning, their payment processing rates fall almost 10 times.”
Given Shrader points, it is difficult to imagine that 2025 will not be a great year for the rays.
