CryptoNewsBreaks – LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Scaling Lightning Network, Making Bitcoin Transactions Possible
Jun 3, 2022
LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF) is leveraging the Lightning Network to improve transaction times and lower fees as part of its mission to drive Bitcoin adoption. This comes as Bitcoin continues to gain more acceptance around the world, with stories from countries that would not normally be considered a “hotbed” for cryptocurrencies showing that areas with lower levels of Bitcoin popularity can prosper through its use. “LQwD launched its Lightning Network platform-as-a-service (‘PaaS’) protocol in November 2021, at the same time as its first node on the network, US-West. Since then, the company launched nine additional nodes for a total of 10 that are currently active on the Lightning Network: France, England, Sweden, Singapore, Italy, Indonesia, Germany, Ireland, the U.S., and, most recently, India. Altogether, LQwD already has a capacity of over 10 BTC and is growing consistently,” a recent article reads. “Since the launch of its PaaS system – https://lqwd.tech/ – the company has focused on scaling the Lightning Network and making Bitcoin transactions possible on a global level with lower fees and faster settlement times.”
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About LQwD FinTech Corp.
LQwD is a Lightning Network Service Provider (“LSP”) focused on developing payment infrastructure and solutions accelerating the global mega trend of Bitcoin adoption through the Lightning Network. The company’s mission is to develop institutional grade services that support the Lightning Network and drive improved functionality, transaction capability, user adoption and utility and scaling Bitcoin. LQwD also holds and acquires Bitcoin as an operating asset, establishing nodes and payment channels on the Lightning Network. For more information, visit the company’s website at www.LQwDFinTech.com.
NOTE TO INVESTORS: The latest news and updates relating to LQWDF are available in the company’s newsroom at https://ccw.fm/LQWDF
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