LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF), a company focused on developing enterprise-grade infrastructure to drive Bitcoin adoption, has operated on the Lightning Network (“LN”) since November 2021, amassing a capacity of over 30 BTC with more than 300 channels facilitating BTC transactions for micropayment users. “The Lightning Network has allowed users to complete payments using the layer 2 protocol quicker than traditional blockchain and even faster than some of the world’s leading institutions. Payments made using the LN offer faster settlement times, cheaper fees and higher levels of security than their centralized counterparts,” a recent article reads. “With the increased need for operational efficiency and transparency in financial payment systems, implementing cryptocurrency as a viable monetary solution appeals to developing and underdeveloped countries worldwide. LQwD is at the forefront of this movement, leveraging its Bitcoin assets to drive further adoption of the LN. With the assistance of its proprietary platform-as-a-service (‘PaaS’), users can send payments instantly, securely and inexpensively anywhere in the world.”
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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.
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