LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF), a company focused on developing institution-grade payment infrastructure, liquidity and solutions, expects that the Lightning Network will be a force for change worldwide and become the global monetary exchange of the future. “The Lightning Network is a layer two payment technology and solution for scaling Bitcoin for microtransaction around the world. Additionally, the network provides users the ability to complete transactions at a rate of millions per second, lower fees, and offers instant settlement times. Since January 2021, the Lightning Network has seen node growth of 105% for node establishment from 770 to over 15,000, increased Bitcoin capacity from 1,125 BTC to almost 3,000 BTC – up 160% to Sept. 30, 2021, and a 92% increase in the number of payment channels, totaling more than 73,000 – up from the initial 38,000,” explains a recent article. In a corporate recap, LQwD CEO Shone Anstey stated, “The remarkable growth of the Lightning Network has validated LQwD’s reason to be hyper-focused on Lightning, and I look forward to continuing to expand our business on this rapidly growing global payment network.”
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About LQwD FinTech Corp.
LQwD is an early mover as a Lightning Network Service Provider (“LSP”) focused on developing payment infrastructure and solutions. LQwD is developing 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, as warranted, acquires Bitcoin as an operating asset to secure nodes, liquidity and payment channels across the Lightning Network. For more information, visit the company’s website at www.LQwDFinTech.com.
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