- Experts in the cryptocurrency field have made predictions that foresee the value of Bitcoin going over US$100,000 by 2023, with some even seeing us on the brink of higher value jumps by January 2022, making holding and use by the general public more tempting
- The cost and speed of completing transactions has been a problem when conducting business on the traditional blockchain, but the Lightning Network has reduced the fees and wait times for settlement
- LQwD launched its Lightning Network PaaS offering on November 17, aiming to hep more users complete crypto-based transactions instantly, securely, and inexpensively worldwide
The interest in Bitcoin has skyrocketed since the beginning of 2021, making it a hot topic among investors and popular culture. Even U.S. government officials and the Biden administration have expressed interest in new cryptocurrency regulations (https://ccw.fm/pjMab
). It does not matter what the public’s personal opinion is of cryptocurrency – it is becoming more mainstream each day. Recently, El Salvador adopted Bitcoin as the official currency, a move made effective in September with the Bitcoin Law. And companies like LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF)
are working hard towards increasing Bitcoin adoption, making cryptocurrency transactions faster and more affordable for everyone.
The price of Bitcoin depends on the influence of specific economic factors – scarcity, mainstream adoption, regulation, and mining cycles. In recent weeks, the value of…
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