LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF), a company focused on developing institution-grade payment infrastructure, liquidity and solutions for the Lightning Network (“LN”), is focused on increasing the scalability of Bitcoin and transactions using the LN. “The Federal Reserve Bank of Cleveland Working Paper Series released Working Paper 22-19 in June 2022 entitled ‘The Lightning Network: Turning Bitcoin into Money.’ The FED conjectures early on that the LN has reduced Bitcoin blockchain congestion and resulted in lower mining fees… The introduction of the LN has reduced the amount of time it takes for payment processing to provide almost instant results. The overall consensus is that the Network can help Bitcoin achieve greater scalability as a payments system and states, ‘According to our results, if the LN had existed in 2017, congestion could have been 93% lower,’” a recent article reads. “In November 2021, LQwD released its platform-as-a-service (‘PaaS’) offering, https://lqwd.tech/, which serves as a platform for node hosting and managing channels on the LN, and acts as a Liquidity Service Provider (‘LSP’) for merchants. LQwD’s nodes are distributed globally to allow for maximum scalability and growth. Through LQwD’s PaaS, users have access to a network of LN nodes that allow for faster transactions, lower fees, and higher levels of security.”
To view the full article, visit https://ccw.fm/j7Sdf
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
About CryptoCurrencyWire (“CCW”)
CryptoCurrencyWire (CCW) is a financial news and content distribution company that provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to millions of social media followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with CCW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled visibility, recognition and brand awareness.
To receive instant SMS alerts, text “CRYPTO” to 844-397-5787 (U.S. Mobile Phones Only)
CryptoCurrency News Wire is where News, content and information converge via Crypto.
For more information, please visit https://www.CryptoCurrencyWire.com
CryptoCurrencyWire is part of the InvestorBrandNetwork