LQwD Fintech (TSX.V: LQWD) (OTC: LQWDF) today announced that it has established routing nodes and has deployed Bitcoin into payment channels on the Lightning Network (“LN”), providing essential liquidity to support significant growth of the network over the past year. According to the update, the milestone is the first stage in the company’s Lightning Network platform becoming operational, providing infrastructure, solutions and liquidity to support the development of the network and earning fees in the process. A layer two payment protocol built on top of the Bitcoin blockchain, the Lightning Network is composed of nodes (computers) running the LN software, connected to other nodes via payment channels allowing them to forward payments on the way to their final recipient. LQwD stakes its Bitcoin on routing nodes to help ensure the functioning of the network where fees can be earned for forwarding transactions. The company expects the growth, demonstrated through the increased number of nodes, payment channels and overall network capacity, to continue and intends to establish a maximum footprint to capture transaction fees as network volume grows.
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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 Bitcoin. LQwD also holds Bitcoin as an operating asset establishing nodes and payment channels across the Lightning Network. For more information, visit the company’s website at www.LQwDFintech.com.
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