ACINQ, a Bitcoin Lightning developer, unveiled their 2nd generation Lightning Wallet, Phoenix on Oct 18. The company is in plans to make its payment system scalable and instantaneous. Phoenix allows making payments in less than 3 minutes. The features also include setting up the wallet, receive money, make on-chain and off-chain payments and do a full seed-based backup restore. A video along with the post explains more about these wallet functions, all accessed via a user-friendly interface.
Earlier this month, ACINQ had received $8 million from a French bank – Bpifrance bank. The company also plans to develop its native LN Wallet, Eclair.