VANCOUVER, BC, April 14,
2022 /CNW/ - LQwD Fintech Corp. (TSXV: LQWD) (OTC:
LQWDF), an emerging technology company developing payment
infrastructure for the Bitcoin Lightning Network
(LN), announced that its CEO, Shone Anstey, will present at
NobleCon18 - Noble Capital Markets' Eighteenth Annual Investor
Conference at the Hard Rock Hotel, Hollywood, Florida on Thursday, April 21, 2022 at 12:30pm EST.
The Company will also be available for one-on-one meetings with
investors at our breakout sessions scheduled for Wednesday, April 20, 2022 at 10:00am EST at Table 12 for those who are
registered to attend the conference.
A video webcast of the presentation will be available the
following day on LQwD's website, on Noble Capital Markets'
Conference website and on Channelchek investor portal.
The webcast will be archived on those websites for 90 days
following the event.
"Bitcoin's Lightning Network is continuing to see explosive
growth" said Shone Anstey, LQwD CEO. "LQwD is benefiting from this
growth as we continue to strategically expand our Lightning Network
presence through the launch of our global routing nodes to become
one of the largest payments facilitator on the network."
About the Lightning Network
The Lightning Network is layer-two technology that solves the
issue of mass scaling Bitcoin for global microtransactions. In
addition to enabling millions of transactions per second, the
Lightning Network dramatically reduces the fees currently charged
to users, and serves up instantaneous settlement times.
The Lightning Network continues to experience explosive growth
as follows:
- Since April 2021, node growth has
increased 249%, from 10,394 to over 36,000 nodes now
established.
- Bitcoin capacity increased from 1,060 BTC to 3,627 BTC, up 243%
from January 2021 to the
present.
- Payment channels are up 126%, rising from 38,000 to more than
86,000 established since January
2021.
Some well-known companies such as Lightning Labs, Twitter, and
Jack Dorsey's Block (Cash App), have
openly expressed their enthusiasm to incorporate the Lightning
Network into their platforms.
About LQwD
LQwD is a Lightning Network Service Provider (LSP) focused on
developing payment infrastructure and solutions accelerating the
global mega trend of Bitcoin adoption through the Lightning
Network. 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 Bitcoin. LQwD also holds 150 Bitcoin used as an
operating asset establishing nodes and payment channels on 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, considering 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.
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.
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SOURCE LQwD FinTech Corp.