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LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Committed to Enhancing Blockchain Micropayment Transactions on Lightning Network

Date:

  • LQwD is leveraging the Lightning Network to facilitate worldwide micropayments of BTC with faster transaction times and lower fees
  • The company’s PaaS also acts as a Liquidity Service Provider for merchants, enabling users of the platform to do more with the proprietary tools created and backed by the company’s BTC assets
  • The global blockchain market was valued at US $4.67 billion in 2021 and is expected to grow from US $7.18 billion in 2022 to US $163.83 billion in 2029

Technological advances have made it possible for industry advances that were often underestimated. For example, the Voice-Over-Internet-Protocol (“VOIP”) movement was dismissed after being introduced in 1995 – until the broadband technology to scale VOIP arrived in 2003, and telecom found its copper-wire networks obsolete (https://ccw.fm/XZMyA). The financial industry is seeing the same kind of shift with Bitcoin and other cryptocurrencies. Many critics have underestimated the value that blockchain holds in the infrastructure of banking institutions, but now the Lightning Network is positioning itself to scale the industry and increase the once underestimated crypto industry capabilities.

LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF), a financial technology company focused on creating enterprise-grade infrastructure to drive bitcoin adoption, is on a mission to develop institutional-grade services that support the Lightning Network and drive improved functionality, transaction capability, user adoption and utility, and the scaling of bitcoin. The company’s Lightning Network platform-as-a-service (“PaaS”) offering enables users to leverage the layer 2 payment protocol on blockchain to send payments instantly, securely, and inexpensively anywhere in the world.

LQwD’s PaaS also acts as a Liquidity Service Provider (“LSP”) for merchants. LSPs are also referred to as market makers. An LSP provides crypto assets to a platform to help decentralize trading. Providers buy large volumes of securities and then distribute them in batches to financial institutions, making them directly available to retail investors.

Additionally, the PaaS platform allows users to view and manage their nodes through an easy-to-use API. The company has strategically placed itself within the market by making node distribution global – facilitating payments in numerous countries.

LQwD’s first public node (US-West) was released in November 2021 and currently has a capacity of over 6 BTC. In addition to this public node, the company also has operational nodes on the Lightning Network in Ireland, India, Germany, Brazil, Hong Kong, Singapore, Sweden, South Korea, South Africa, Bahrain, Japan-Osaka, Indonesia, Italy, Australia, England, Japan, France, and Canada. These worldwide public nodes provide micropayment users with a transfer capacity of over 30 BTC and over 300 open channels – with faster settlement times and lower fees. Users can follow the real-time reporting on these nodes at https://1ML.com.

As a whole, the Lightning Network has a capacity of over 4800 BTC (US $92,000) and over 86,000 payment channels to facilitate micropayments worldwide. LQwD currently has coverage in 17 countries worldwide and plans to expand to 24 countries by the end of the current quarter.

According to Fortune Business Insights, the global blockchain market was valued at US $4.67 billion in 2021. This market is expected to grow from US $7.18 billion in 2022 to US $163.83 billion in 2029, growing at a CAGR of 56.3% during the forecast period. Driving factors include companies adopting digital ledger technology to secure financial data and identities, using technological applications to facilitate cross-border transactions, clearing and settlements, trade finance platforms, digital identity verification, and credit reporting. With the rising awareness and need for data protection from malware activities within enterprise and consumer financial activities becoming more apparent, the security of blockchain technology is expected to grow rapidly (https://ccw.fm/Ry06p).

For more information, visit the company’s website at www.LQwDFinTech.com.

NOTE TO INVESTORS: The latest news and updates relating to LQWDF are available in the company’s newsroom at https://ccw.fm/LQWDF

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