On May 23, 2018, we published revised versions of our Privacy Policy and User Agreements. Please read these updated terms and take some time to understand them. Your use of our services is subject to these revised terms.
Yes, I Agree.

LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Expands Lightning Network Reach with 17 International Nodes Routing Over 72 BTC and 36,000 Transactions

  • LQwD currently has Lightning Network nodes in several countries, including Canada, France, Italy, Indonesia, Japan, England, Bahrain, South Africa, South Korea, Sweden, Singapore, Brazil, Germany, India, Ireland, Hong Kong, and the United States
  • Arcane Research reported that since its launch three years ago, the Lightning Network has grown to a capacity of almost 3,000 BTC with over 17,000 international nodes and 73,700 unique payment channels
  • LQwD’s proprietary platform as a service offering also serves as a Liquidity Service Provider for merchants and incorporates an easy-to-use API
  • The company hopes to expand to 24 international nodes by the end of the next quarter

Focused on building infrastructure on the Bitcoin Lightning Network global micropayment system, LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF) recently announced that the company has launched 17 nodes internationally on the Lightning Network, positioning itself to secure future routing fees in the rapidly expanding global payments network. LQwD’s international node selection now includes Canada, France, Italy, Indonesia, Japan, England, Bahrain, South Africa, South Korea, Sweden, Singapore, Brazil, Germany, India, Ireland, Hong Kong, and the U.S. (https://ibn.fm/xZlep).

LQwD launched its first node in November 2021, US-West, and since that time, it has amassed a capacity of 5.78671656 BTC (US $118,805.11). The current channel count for US-West is 107, with 106 connected nodes. LQwD’s nodes can be followed at www.lqwdfintech.com.

“Since launching our first Lightning Network node in November 2021, LQwD’s nodes have already routed over 72 BTC and over 36,000 transactions, which is extremely encouraging in these early stages,” LQwD CEO Shone Anstey said. “We are making excellent progress establishing LQwD as a serious network participant, and in coming months, we will launch the LQwD business-to-business platform (now in beta), which also allows retail customers to take advantage of the economics and efficiencies of the network.”

According to Arcane Research’s recently released “State of Lightning” report, since going live almost three years ago, the Lightning Network has grown to a capacity of almost 3,000 BTC and over 17,000 nodes operating internationally with 73,700 unique channels. Since August, the wallet payment volume has increased by 20% month-over-month, exceeding the monthly growth rate of 10% from the metric channel capacity. The report also predicts that if other “poor banking access” countries can follow the lead of El Salvador, there could potentially be 50 million Lightning Network users who would represent $17 billion in annual payment volume by 2030 (https://ibn.fm/vwMsR).

In November 2021, LQwD launched its platform as a service (“PaaS”), https://lqwd.tech/, for Lightning Network node hosting and channel management. The platform also serves as a Liquidity Service Provider (“LSP”) for merchants and incorporates an easy-to-use API. LQwD aims to increase to 24 nodes internationally by the end of the next quarter, which will broaden the reach and increase the payment capacity of those utilizing the PaaS offering.

As a publicly traded company, LQwD aims to leverage its position to enhance trust in its products and services for more easily accessible market capital, leverage stock as currency for acquisitions, roll-up, and growth, and attract and retain top industry talent. By rolling up LSPs and the Lightning Network payment and service companies, LQwD plans to grow quickly. This allows them to further its goal of securing market share, acquiring Bitcoin, and expanding into other Lightning Network to expand market shares. LQwD currently holds approximately 121 Bitcoin on its balance sheet, a portion of which is used to secure routing nodes and establish liquidity.

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

About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a financial news and content distribution company that provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets, (3) enhanced press release services to ensure maximum impact, (4) social media distribution via IBN (InvestorBrandNetwork) to nearly 2 million followers, and (5) a full array of corporate communications solutions As a multifaceted organization with an extensive team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled visibility, recognition and brand awareness. CCW is where news, content and information about crypto converge.

To receive instant SMS alerts from CryptoCurrencyWire, text “CRYPTO” to 844-397-5787 (U.S. Mobile Phones Only)

For more information, please visit https://www.cryptocurrencywire.com

Please see full terms of use and disclaimers on the CryptoCurrencyWire website applicable to all content provided by CCW, wherever published or re-published: https://CCW.fm/Disclaimer

CryptoCurrencyWire (CCW)
New York, New York
www.cryptocurrencywire.com
212.994.9818 Office
Editor@CryptoCurrencyWire.com

CryptoCurrencyWire is part of the InvestorBrandNetwork.

Share This Page

Archives

Select A Month

Official NewsWire Relationships

Anarchapulco Main Event Blockchain Africa Conference Blockchain Futurist Conference Blockchain Life Conference Blockchain Shift Coingenius Coinvention CryptoBlockConCryptoFest European Blockchain Convention EVOLV - evolve.events Finovate nftexpoverse The North American Bitcoin Conference Virtual Blockchain WeekThe Voice of Blockchain World Crypto Conference

CryptoCurrencyWire Currently Accepts

Bitcoin

Bitcoin

Bitcoin Cash

Bitcoin Cash

Doge Coin

Dogecoin

Ethereum

Ethereum

Litecoin

Litecoin

USD Coin

USD Coin

Contact us: 212.994.9818