11/17/2021 | Press release | Distributed by Public on 11/17/2021 10:14
LQwD Software Enables Institutions, Businesses & Investors Easy Access to the World's Fastest Growing Global Payments Network
Lightning Network focused LQwD FinTech Corp. (TSXV: LQWD, OTCQB: LQWDF), announces the launch of lqwd.tech, the Company's proprietary multi-pronged, Lightning Network software platform (SaaS). LQwD's Lightning Network platform provides easy access to a decentralized monetary network-of-the-future payment solution, allowing B2B markets, investors and others broader access, more efficient liquidity, and seamless usage of global payments' infrastructure.
With the launch of lqwd.tech, the Company will deploy a portion of its substantial Bitcoin holdings to secure additional nodes and provide liquidity to the platform, enabling the Company to earn transaction fees on this rapidly growing global payment rail.
"The Lightning Network is an extremely dynamic new global monetary network that's growing exponentially," stated Albert Szmigielski, Chief Technology Officer at LQwD, "and we're excited and fortunate to be a solutions provider in the space." He continued, "Developing countries such as El Salvador are using and seeing significant adoption, and one of the world's largest social media platforms - Twitter - is making global tipping on the Lightning Network mainstream, with its tipping feature called Tips. Needless to say, we're looking forward to becoming a major contributor to (and supporter of) Bitcoin's scaling layer - the Lightning Network."
The Company's lqwd.tech platform empowers institutions, business and investors by making it easy to integrate and use the Lightning Network. It is designed to be highly scalable and adaptive to the incredible growth of the Lightning Network, which allows for millions of Bitcoin transactions to be made in seconds.
It enables users to:
For more information on the B2B Lightning Network platform, or to sign up as a user, please visit lqwd.tech
About the Lightning Network
The Lightning Network is a solution to mass scaling the usage of Bitcoin for microtransactions globally, dramatically improving upon fees and instant settlement times. The Lightning Network has been experiencing explosive growth since January 1, 2021, with node growth doubling and Bitcoin capacity increasing 181% to September 30, 2021. Twitter, Square and other prominent companies have expressed their enthusiasm to incorporate Bitcoin Lightning Network into their platforms.
About LQwD FinTech Corp.
LQwD is a Lightning Network Service Provider (LSP) focused company developing payment infrastructure and solutions. 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 of Bitcoin. LQwD also holds Bitcoin as an operating asset, establishing nodes and payment channels across the Lightning Network.
For further information:
This news release contains "forward-looking information" within the meaning of applicable securities laws relating to the Company's business plans and the outlook of the Company's industry. Although the Company believes, in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this release and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by applicable securities laws. The Company undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of the Company, LQwD Financial, their securities, or their respective financial or operating results (as applicable).
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.