LQwD Fintech (TSX.V: LQWD) (OTC: LQWDF), a financial technology company focused on creating enterprise-grade infrastructure to drive Bitcoin adoption, recently established network computers (routing nodes) to deploy Bitcoin into payment channels on the company’s Lightning Network platform. “This milestone was the first stage of the Lightning Network platform becoming fully operational, as it provided infrastructure, solutions and liquidity to support the network’s development and fee earning potential,” reads a recent article discussing the strategic move. “LQwD’s Lightning Network is a layer-2 payment protocol built on top of the Bitcoin blockchain. It is composed of nodes running the proprietary software. These are then connected to other nodes through payment channels that allow the payment to find the recipient. For payments to go through, enough Bitcoin must exist in the payment channel. As a Lightning Network Services Provider (‘LSP’), LQwD stakes Bitcoin on routing nodes to ensure the functionality of the network where fees can be earned for forwarding the payments.”
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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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