Breez has partnered with Turnkey to allow developers to add non-storage bitcoin to software that runs wallets from their servers, the companies announced.
This partnership solves the problem of development. Most of the top apps work from the backend, with one application serving millions of users. Adding bitcoin under the structure means having user keys on the company’s servers.
Owning the keys makes the company the administrator, a role that carries the licensing requirements, legal liabilities, and security properties of a large store of users’ money. Another approach has been to build a hardware-based wallet, a change that breaks down the design of these apps to scale.
Under the new model, each user receives a wallet whose keys are generated and stored within Turnkey’s secure enclaves. According to the industry, those keys be unreachable about the servers of the program, Breez, and Turnkey. At the back of the company is a profile that defines what they can take, while the power to move money rests with the user.
In other words, this agreement positions some of the world’s largest consumer apps to add bitcoin without having to rebuild their backend architecture or save users’ money.
Turnkey supports Spark, the network on which the Breez SDK is built. Integrated with the Breez server, a single backend can manage the wallets of millions of users without storing keys.
The registry key supports bitcoin encryption software
The official flow works like this. The user has a profile, such as a certificate registered with Turnkey at registration. The server processes transactions and displays the amount, fee, and destination.
The user accepts the transaction, and completes it. The server cannot spend money without that permission. For the user, the output of the program does not change, and there are no words to write.
Turnkey provides a standard wallet that is used by various consumer applications and has SOC 2 audits. bitcoin magazine, Breez positioned the release as a way for exchanges, fintechs, and neobanks to provide bitcoin and stablecoin services to the non-banking population.
Exchanges can transfer payments according to rules defined by their security teams, and fintechs can add a non-banking bitcoin service within their existing infrastructure.
The partnership expands several features of the Breez SDK aimed at lowering the barriers to bitcoin integration. Passkey Login replaced seed terms, Stable Balance reported price volatility, and another feature added support for sending stablecoins USDT and USDC. The companies say the integrated tools allow backend-managed products to provide bitcoin and stablecoins to users while storing assets is owned by users.
