LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF), a company focused on developing institution-grade payment infrastructure, liquidity and solutions for the Lightning Network, is uniquely positioned to further drive Bitcoin adoption. Although considered rather volatile, Bitcoin, in the long-term, could stand up against the inflation rates created by the mass production of fiat currencies. It is also becoming increasingly popular, having been adopted as legal tender by El Salvador in 2021. Some states and townships have also embraced Bitcoin. LQwD is making it easy to complete transactions with Bitcoin on the Lightning Network, a second-layer protocol that sits above the Bitcoin blockchain. Its proprietary platform as a service (“PaaS”) offers users lower transaction fees and faster settlement times. Since January 2021, LQwD has achieved several major milestones, which, according to a recent article, include: “node growth of 105% from 770 to over 15,000, increased Bitcoin capacity from 1,125 BTC to almost 3,000 BTC, and a 92% increase in the number of payment channels, totaling more than 73,000 up from the initial 38,000. ‘The remarkable growth of the Lightning Network has validated LQwD’s reason to be hyper-focused on Lightning, and I look forward to continuing to expand our business on this rapidly growing global payment network,’ LQwD CEO Shone Anstey said.”
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About LQwD FinTech Corp.
LQwD is an early mover as a Lightning Network Service Provider (“LSP”) focused on developing payment infrastructure and solutions. LQwD is developing 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, as warranted, acquires bitcoin as an operating asset to secure nodes, liquidity and payment channels across the Lightning Network. For more information, visit the company’s website at www.LQwDFinTech.com.
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