Xverse x Spark Integration Is Now Live

We’re excited to announce the launch of our integration with Spark, the new Bitcoin Layer 2, which provides zero-fee, high-speed transactions and the ability to create and transfer tokens on Bitcoin. 

We’re always hard at work bringing you the best and newest opportunities Bitcoin DeFi has to offer. With Spark integrated into the Xverse wallet, you’ll be able to experience a whole new low-trust, zero-fee environment for interacting with the Bitcoin ecosystem.

Xverse x Spark: Unlocking New Opportunities for Bitcoin DeFi 

Spark is a new and exciting Layer 2 for the Bitcoin ecosystem, focusing on fast, cheap, and self-custodial transactions. 

You’re already used to fast and cheap transactions within your Xverse wallet, but Spark adds a new layer of functionality through its own ecosystem that enables devs to create tokens and stablecoins on Bitcoin.

Spark introduces a new token standard called BTKN, which lets users mint tokens in seconds, transfer them instantly, while retaining all the security measures that make Bitcoin the biggest blockchain in the world. It uses Bitcoin (L1) as the settlement layer and Spark as the execution engine.

Additionally, users can take advantage of all the speed and zero-fee system of the Spark L2, then exit back into Bitcoin unilaterally and seamlessly at any time. In your Xverse wallet, it’s a matter of simple deposit and withdrawal to and from your Spark account. 

Here’s Why We Are Excited About Spark! 

At Xverse, we bring you the best new solutions to enhance your Bitcoin experience. Some of the biggest benefits of the Spark integration include:

• Ultra-fast payments with zero fees: Spark is fast and charges zero fees for Spark-to-Spark transfers, plus low fees for Spark-to-Bitcoin and vice versa, making it a great choice for speed and usability.
  
• Token and stablecoin support: Spark is designed to support easy issuance, transfer, and handling of stablecoins, Taproot Assets, and more, letting devs work effectively across the Bitcoin network.
  
• Lightning Network interoperability: Spark and Lightning Network are connected using atomic swaps, which means users can retain full control over their payments while they take advantage of Lightning-powered payments.
  
• Low trust exits to Bitcoin: Moving from Spark back to the Bitcoin mainnet doesn’t require permissions; the process is both convenient and secure. 

To learn more about the Spark protocol, how it works and what you can do with it, read our complete guide to Spark.

Here’s What You Can Expect! 

At Xverse, you already know to expect the most seamless and intuitive user experience in the Bitcoin ecosystem. Our Spark integration is no different! You’ll be able to use this new protocol the same way you interact with other supported L2s in your Xverse wallet. 

More specifically, the Spark integration includes:

• Creating and recovering your Spark account: The account will exist as an in-wallet feature that you can recover when reinstalling the wallet. The process is simple and fast, with all the self-custodial security of your entire Xverse wallet.
• Sending and receiving tokens: Deposit BTC into your Spark account, withdraw it when you’re done, along with sending and receiving Spark-based tokens to and from your Spark wallet.
• Managing your portfolio: Keep track of all your Spark tokens in one place, track the changes, and easily see your transaction history.

As with all our other features and integrations, you can expect Xverse to remain your number one entry point into the Bitcoin ecosystem.

"Our users want faster, cheaper Bitcoin payments and the stability of native assets. Integrating Spark allows us to deliver that experience. With fee-free transfers, BTKN token support for stablecoins, and seamless Lightning Network compatibility, we're making the daily use of Bitcoin a reality." explains Ken Liao, CEO of Xverse.

How to Use the Xverse-Spark Integration  

Here’s how you can get started with the new Spark integration (once you’ve updated your app):

1. Deposit your BTC on Spark: Using the Convert button in your Bitcoin dashboard, enter the amount you want to transfer to the Spark protocol.
   
2. Set the fee: While Spark is a zero-fee protocol within itself, you’ll still need to pay a transaction fee to the Bitcoin blockchain. The fees are set automatically, but you can increase them for faster confirmation.
   
3. Use the Send and Receive features in your Spark wallet: Move your tokens using these features and take advantage of zero fees and fast processing times.
   
4. Track your portfolio and transaction history: The dashboard shows the value of your holdings and your previous transactions to help you keep track of everything.
   
5. Withdraw your BTC back to your main Xverse wallet: Moving your BTC out of Spark and into your main Xverse wallet means bringing it out of the protocol and back to the mainnet. The process is simple, secure, and only requires a few clicks.

The Spark integration works similarly to other Xverse wallet features, combining ease of use with self-custody while prioritizing security.

Explore A New Era On Bitcoin With Xverse and Spark

With the launch of our Spark integration, Xverse continues to pioneer in the Bitcoin L2 space, giving you access to all the most exciting innovations the Bitcoin ecosystem has to offer, including high-speed, zero-fee transactions and tokens on Bitcoin.  

Download Xverse today to start exploring the Spark and Bitcoin ecosystem.