VANCOUVER, BC, Dec. 16,
2022 /CNW/ - Lightning Network focused LQwD Fintech
Corp. (TSXV: LQWD) (OTCQB: LQWDF), announces that it has released a
new and updated version of lqwd.tech, the Company's proprietary,
non-custodial Lightning Network Software as a Service platform
(SaaS).
LQwD's Lightning Network platform makes it easier for
institutions, businesses, and users, to integrate and use the
Lightning Network. The platform, which is highly scalable, allows
for millions of Bitcoin transactions to be made in
seconds over the Lightning Network.
"We are very excited for the release of the updated version of
our Lightning Network platform, lqwd.tech" stated CEO, Shone Anstey
"We have learned a lot and made vast improvements to the platform
and LQwD as a company has become a key player on the Lightning
Network through its global routing nodes and our easy to use
platform."
The updated version of lqwd.tech has a new look and
includes updated features, which enables users to:
- Easily create and manage Lightning Network nodes.
- Transact securely, privately, and near-instantaneously on the
Lightning Network.
- Create Lightning Network channels with effective routing.
- Request and manage liquidity more efficiently.
The Company has deployed a portion of its Bitcoin
holdings to maintain its 19 globally launched nodes and provide
liquidity to the platform, thus enabling the Company to earn
transaction fees on this rapidly growing global payment rail.
Currently, LQwD's global routing nodes have forwarded over 123
thousand transactions totaling 250 Bitcoin.
For more information on LQwD's 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.
About LQwD FinTech Corp.
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
Bitcoin that is 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, 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.
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content:https://www.prnewswire.com/news-releases/lqwd-fintech-releases-version-2-of-its-bitcoin-lightning-network-platform-301704914.html
SOURCE LQwD FinTech Corp.