Latest Version
2.4.16.0.0.2.fp.gps
February 09, 2025
Speed1 - FZCO
Finance
Android
1
Free
com.app.speedwallet
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More About Speed Bitcoin Lightning Wallet
The Speed Wallet is a comprehensive application designed to facilitate the sending and receiving of Bitcoin and USDT payments, allowing users to shop for e-gift cards from leading global brands while accruing Bitcoin rewards. The goal of the app is to democratize access to Bitcoin and stablecoins, enabling everyone to fully leverage the benefits these digital currencies offer in a diverse range of transactions.
A standout feature of the Speed Wallet is the introduction of USDT-L, a wrapped version of the USDT stablecoin that operates on the Lightning Network. This development provides users with an efficient way to transact using USDT while maintaining a steady value and benefiting from reduced transaction fees. Speed Wallet serves as a custodial wallet that emphasizes security and makes it simple for users to manage their Bitcoin and USDT with convenience and reliability.
The app also features innovative functionalities such as the ability to convert Ethereum USDT to USDT-L, generate invoices for BTC Lightning payments that can be converted to USDT-L, and the forthcoming capability to swap between BTC and USDT-L directly within the wallet. Additionally, users can receive USDT-L from other Speed users or businesses that adopt this new currency, enhancing the ecosystem and usability of the wallet.
The Speed Wallet incentivizes transactions through its rewards program, allowing users to earn Speed rewards with each Bitcoin payment they make. These rewards can be redeemed for Bitcoin SATs, and the program features multiple tiers, where higher spending leads to greater rewards. Moreover, the app is transparent about its fee structure, providing details on platform fees, routing fees for Lightning Network transactions, and miner fees for on-chain Bitcoin and Ethereum transactions. For US users, a Know Your Customer (KYC) process is in place to ensure compliance and enhance user experience while maintaining data confidentiality. Users are encouraged to stay connected through the app's social media channels for the latest updates and information.
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