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Description
Across the globe, various communities and institutions are embracing the adoption of Bitcoin and the Lightning network through Galoy, an innovative open-source banking platform. This approach not only fosters the development of Bitcoin banking solutions via self-hosted infrastructure but also offers a managed implementation known as "banking-as-a-service." By utilizing the same shared custody model and user-friendly Lightning wallet that empowered Bitcoin Beach to establish a thriving circular economy, anyone can launch their own Bitcoin community bank. The platform leverages established infrastructure to deliver modern financial services to anyone equipped with a mobile phone and internet access. This is why we create tools that allow organizations, regardless of their size or type, to set up their own Bitcoin-centric banking systems. The application simplifies transactions by facilitating payments through Bitcoin addresses, Lightning invoices, or unique usernames, while a transaction log keeps track of payment histories among users. Additionally, a mobile-optimized map showcases local businesses that welcome Lightning payments, enhancing the overall experience for users and merchants alike. By bridging technology and community needs, Galoy is paving the way for a new era of digital finance.
Description
Create an Emergency Kit that includes your private keys and output descriptors, specifically tailored for advanced scripts such as multisig, lightning, and taproot. This kit serves as a backup to ensure you can still access your wallet if you switch devices. To enhance security, utilize a randomly-generated code that you can jot down on paper. Additionally, remember to include your email, password, and recovery code for added protection. While your Emergency Kit contains both keys necessary for transactions, only one key is stored on your phone, ensuring your funds remain secure. Since two keys are required for spending, the money is safe even if your phone is lost. It's advisable to lock your wallet until you acquire a new phone and restore your funds. Muun operates as a fully self-custodial wallet, which means you maintain complete control over your bitcoin assets, and no one else, including Muun, has access to your money. Therefore, exporting your Emergency Kit with the private keys and output descriptors is crucial for situations where Muun may not be accessible. This kit is specifically designed to accommodate the latest bitcoin scripts, reinforcing the importance of comprehensive security in your financial management. By taking these precautions, you can ensure that your cryptocurrency remains protected and accessible.
API Access
Has API
API Access
Has API
Pricing Details
Free
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Galoy
Founded
2019
Country
United States
Website
galoy.io
Vendor Details
Company Name
Muun
Country
United States
Website
muun.com
Product Features
Banking
ATM Management
Compliance Tracking
Corporate Banking
Credit Card Management
Credit Union
Investment Banking
Multi-Branch
Online Banking
Private Banking
Retail Banking
Risk Management
Securities Management
Transaction Monitoring