- Arizona and Wyoming have introduced proposals for their states to introduce tax payments by digital currency
- India is working toward incorporating a digital rupee, including the implementation of a 30% tax on income earned from digital currency investments to begin during 2022
- LQwD’s growth is centered on the success of the Lightning Network and the expected growth during 2022
The future of Bitcoin, including applications that are being developed and others that are growing in the user base, was the focal point of discussion at Keyfest 2022, a virtual conference hosted by Casa, a Bitcoin custody provider and personalized key manager. During the summit, speakers consistently addressed the immense growth of the Lightning Network, a layer 2 Bitcoin protocol created to handle smaller, everyday transactions (https://ccw.fm/0UACX). This network was launched in 2018 with a capacity to reach 1,104 BTC in only 11 months. From January to September 2021, the capacity of the Lightning Network grew 181% (1,058 to 2,968 BTC). The number of channels also hit 70,000 by September 2021 – realizing the capacity of the network to go “up and to the right.”
Building on the growth seen by the Lightning Network in 2021, experts in the industry expect 2022 to be even more successful. According to LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF), a company focused on developing institution-grade payment infrastructure, liquidity and solutions for…
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
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 IBN (InvestorBrandNetwork) to nearly 2 million followers, and (5) a full array of corporate communications solutions 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. CCW is where news, content and information about crypto converge.
To receive instant SMS alerts from CryptoCurrencyWire, text “CRYPTO” to 77948 (U.S. Mobile Phones Only)
For more information, please visit https://www.CryptoCurrencyWire.com
Please see full terms of use and disclaimers on the CryptoCurrencyWire website applicable to all content provided by CCW, wherever published or re-published: https://CCW.fm/Disclaimer
CryptoCurrencyWire (CCW)
New York, New York
www.CryptoCurrencyWire.com
212.994.9818 Office
Editor@CryptoCurrencyWire.com
CryptoCurrencyWire is part of the InvestorBrandNetwork.