Amboss launched the P2P platform RailsX based on the Lightning Network for Bitcoin and stablecoin trading

According to The Block, Amboss Technologies has announced the launch of the P2P platform RailsX based on the Lightning Network, which is a peer-to-peer trading platform built on native FPGA for Bitcoin and stablecoin trading.

RailsX enables atomic cross-asset swaps through self-paying loops on Lightning Network channels, allowing Bitcoin and stablecoin holders to trade directly while retaining custody.

In addition, Rails is collaborating with Magnolia and Bringin to support connections with the traditional banking systems in the U.S. and Europe for fiat currency exchange.