LQwD Software Enables Institutions, Businesses
& Investors Easy Access to the World's Fastest Growing Global
Payments Network
VANCOUVER, BC, Nov. 17, 2021 /CNW/ - Lightning Network
focused LQwD FinTech Corp. (TSXV: LQWD) (OTCQB: LQWDF), announces
the launch of lqwd.tech, the Company's proprietary multi-pronged,
Lightning Network software platform (SaaS). LQwD's Lightning
Network platform provides easy access to a decentralized monetary
network-of-the-future payment solution, allowing B2B markets,
investors and others broader access, more efficient liquidity, and
seamless usage of global payments' infrastructure.
With the launch of lqwd.tech, the Company will deploy a portion
of its substantial Bitcoin holdings to secure additional nodes and
provide liquidity to the platform, enabling the Company to earn
transaction fees on this rapidly growing global payment rail.
"The Lightning Network is an extremely dynamic new global
monetary network that's growing exponentially," stated Albert Szmigielski, Chief Technology Officer at
LQwD, "and we're excited and fortunate to be a solutions provider
in the space." He continued, "Developing countries such as
El Salvador are using and seeing
significant adoption, and one of the world's largest social media
platforms – Twitter – is making global tipping on the Lightning
Network mainstream, with its tipping feature called Tips.
Needless to say, we're looking forward to becoming a major
contributor to (and supporter of) Bitcoin's scaling layer – the
Lightning Network."
The Company's lqwd.tech platform empowers institutions, business
and investors by making it easy to integrate and use the Lightning
Network. It is designed to be highly scalable and adaptive to the
incredible growth of the Lightning Network, which allows for
millions of Bitcoin transactions to be made in seconds.
It enables users to:
- Easily create and manage Lightning Network nodes.
- Transact securely, privately, and near-instantaneously on the
Network.
- Create Lightning Network channels with effective routing.
- Request and manage liquidity more efficiently.
For more information on the B2B Lightning Network platform, or
to sign up as a user, please visit lqwd.tech
About the Lightning Network
The Lightning Network is a solution to mass scaling
the usage of Bitcoin for microtransactions globally, dramatically
improving upon fees and instant settlement times. The Lightning
Network has been experiencing explosive growth since January 1, 2021, with node growth doubling and
Bitcoin capacity increasing 181% to September 30, 2021. Twitter, Square and
other prominent companies have expressed their enthusiasm to
incorporate Bitcoin Lightning Network into their platforms.
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 of
Bitcoin. LQwD also holds Bitcoin as an operating asset,
establishing nodes and payment channels across the Lightning
Network.
Forward-Looking Statements
This news release contains "forward-looking information"
within the meaning of applicable securities laws relating to the
Company's business plans and the outlook of the Company's industry.
Although the Company believes, in light of the experience of its
officers and directors, current conditions and expected future
developments and other factors that have been considered
appropriate, that the expectations reflected in this
forward-looking information are reasonable, undue reliance should
not be placed on them because the Company can give no assurance
that they will prove to be correct. Actual results and developments
may differ materially from those contemplated by these statements.
The statements in this press release are made as of the date of
this release and the Company assumes no responsibility to update
them or revise them to reflect new events or circumstances other
than as required by applicable securities laws. The Company
undertakes no obligation to comment on analyses, expectations or
statements made by third parties in respect of the Company, LQwD
Financial, their securities, or their respective financial or
operating results (as applicable).
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE LQwD FinTech Corp.