<p>ACINQ, a startup that is working on bitcoin’s Lightning Network to make it a “scalable and instant” payments network, has just launched a non-custodial wallet for making faster payments.</p> <p>Dubbed “Phoenix,” the second-generation lightning wallet allows making payments “in less than 3 minutes,” ACINQ <a href="https://twitter.com/acinq_co/status/1185129586482388992">announced</a> in a Twitter thread on Friday. It said users can set up the wallet, receive money, make on-chain and off-chain payments and do a full backup restore, all within 3 minutes.</p> <p>ACINQ said it thinks Phoenix is the future of bitcoin/lightning user experience as it has a simple onboarding process, provides simple seed-based backup/restore and is also non-custodial.</p> <p>The news comes just days after ACINQ raised <a href="https://www.theblockcrypto.com/linked/42537/lightning-network-development-firm-acinq-raises-8m-series-a">$8 million</a> in a Series A funding round, which was led by Idinvest Partners and also saw the participation of Serena and state-owned French investment bank Bpifrance. The startup has raised a total of $10 million in venture funding to date.</p>