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Public Beta Launch: Money Dev Kit - serverless lightning payments for NextJS docs.moneydevkit.com/howitworks

1819 sats \ 4 comments \ @Scoresby 19 Nov lightning

Accepting lightning payments means that anyone with a lightning enabled wallet or app will be able to pay you. For example, any of CashApp’s 58M active users have the ability to pay a moneydevkit checkout seamlessly. Most importantly, since moneydevkit is self-custodial, anyone can use moneydevkit.

I want to spend a little more time looking at this, but it seems really, really cool. Seems like they open channels to you and manage liquidity from their end, so perhaps it is something like phoenixd.

This looks like a serious contender for an easy way to setup a webstore that receives lightning payments.

Here's an announcement video their CEO, Nick Slaney, did.

Slaney is also doing an AMA on Stacker News on Monday, 24 November, at 1100 AM if you want to learn more.

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102 sats \ 0 replies \ @fanis 12h

TL;DR: it's basically phoenixd but you don't even have to run phoenixd on a server alongside your actual app (say, a store or a blog). Instead, your LN node runs on-demand inside your Nextjs app, on the backend.

Your node is connected to one of MDK's always-on nodes, which provides inbound liquidity and "wakes up" your node when a payment is incoming.

Received payments stack up on your side of the channel. You can then decide to transfer them to another node (via LN Address or Bolt12) from your MDK account, on MDK's website. The MDK infrastructure then issues a request to your MDK node, which only pays if the LN Address/Bolt12 matches one that you provided during the initial config. This ensures this setup is actually self-custodial, since payments can only be sent to whitelisted destinations. You can also, of course, recover on-chain with the seed phrase and some (yet unreleased?) recovery tool that should basically tell the MDK remote node to force close the channel.

I think a cool thing to add for merchants would be on-chain payouts (ie. withdrawing from your "serverless" node to an on-chain address). For example with splicing and by specifying a xpub during the initial configuration.

102 sats \ 0 replies \ @DarthCoin 14h

From what I read is like a Mutiny wallet with features from Greenlight (liquidity part). At least they do not use crap spark or liquid. Let's see it at work.

102 sats \ 0 replies \ @k00b 19 Nov

It looks like they have receiving, and the ability to payout. I wonder if they plan on allowing spending from the wallet.

0 sats \ 0 replies \ @0xbitcoiner 19 Nov

at 1100 AM

WoW