Amboss is launching the RailsX P2P platform based on the Lightning Network for Bitcoin and stablecoin transactions

BlockBeats News, January 30th, according to The Block, Amboss Technologies announced the launch of the Lightning Network-based P2P platform RailsX, which is a peer-to-peer trading platform built on native FPGA for Bitcoin and stablecoin trading.

RailsX achieves atomic cross-asset swaps via circular self-payments on the Lightning Network channels, allowing Bitcoin and stablecoin holders to transact directly while retaining custody.

Furthermore, Rails collaborates with Magnolia and Bringin to facilitate integration with the U.S. and European traditional banking systems for fiat exchange.