VANCOUVER, BC, April 27,
2022 /CNW/ - LQwD Fintech Corp. (TSXV: LQWD) (OTC:
LQWDF), an emerging technology company developing payment
infrastructure for the Bitcoin Lightning Network (LN), is pleased
to announce that the company has joined Visa's
(NYSE:V) Fintech Fast Track program.
Working with Visa, a world leader in digital payments, enables
LQwD to accelerate the process of bringing Bitcoin to the masses
through LQwD's subsidiaries, Coincurve.com, a virtual currency
platform, and LQwD's Lightning Network PAAS, as well as our global
routing nodes. By integrating with Visa, the company can
leverage the reach, capabilities, and security of Visa's global
payment network.
"This is an exciting announcement for us," remarked LQwD CEO,
Shone Anstey. "Our direct relationship with Visa now gives LQwD the
advantage of accessing their growing partner network, as well as
experts in the payments space. It's a big benefit."
"By joining Visa's Fast Track program, exciting fintech
companies like LQwD gain valuable access to Visa experts,
technology and resources," added Terry
Angelos, SVP and Global Head of Fintech, Visa. "Fast Track
lets us provide new resources that rapidly growing companies need
to scale with efficiency."
Learn more about Visa's Fintech Fast Track program at
https://Partner.Visa.com
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 curently 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 227%, from 10,394 to over 34,000 nodes now
established.
- Bitcoin capacity increased from 1,060 BTC to 3,398 BTC, up 220%
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 reserve
and 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.