LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Leverages Bitcoin Lightning Network Across 19 Countries and Capacity Exceeding 30 BTC
- The Lightning Network has seen substantial growth over the past few years, doubling capacity year-over-year, and currently offers a capacity of over 4,500 BTC across thousands of channels worldwide
- LQwD currently spans 19 countries, including Japan, England, Canada, France, Australia, Italy, Indonesia, Japan-Osaka, Bahrain, South Africa, South Korea, Sweden, Singapore, Hong Kong, Brazil, Germany, India, Ireland, and US-West
- LQwD’s PaaS offering provides Lightning Network node and channel management, LSP for merchants, and an easy-to-use API for even novice BTC owners
The Lightning Network, a layer 2 payment protocol on the Bitcoin blockchain, set its first capacity record in August 2020, reaching 1,000 BTC. By July 2021, the Lightning Network had doubled its capacity, reaching 2,000 BTC. Continuing on this trend, July 2022 saw double the figure reported the year prior and has now exceeded a capacity of 4,500 BTC across all public nodes, enabling faster transactions atop the Bitcoin blockchain with lower fees and higher security protocols. Nodes and channels on the Lightning Network span the globe, with the top three countries including the United States (2,300 BTC), Germany (355 BTC), and Canada (151 BTC) (https://nnw.fm/tkbxB ).
The Lightning Network is scalable, global, open, inclusive, permissionless, and decentralized. Already built, the Network offers the advantage of scaling micropayments on a massive scale and offers a settlement rate of over one million transactions per second versus blockchain with seven transactions per second. The Bitcoin Lightning Network even outperforms Visa, with only 24,000 transactions per second. This, combined with lower fees and higher levels of security per transaction, makes the Lightning Network investment attractive for many crypto-focused businesses.
LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF), a financial technology company focused on creating enterprise-grade infrastructure to drive bitcoin adoption, is leveraging its company Bitcoin assets to grow and expand nodes across countries worldwide on the Lightning Network. With a current node count of 19, LQwD’s Lightning Network reach includes Japan, England, Canada, France, Australia, Italy, Indonesia, Japan-Osaka, Bahrain, South Africa, South Korea, Sweden, Singapore, Hong Kong, Brazil, Germany, India, Ireland, and US-West.
Using global nodes, LQwD has positioned itself for optimal growth on the network. The company simultaneously released its first node and platform as a service (“PaaS”), https://lqwd.tech/, in November 2021. LQwD’s PaaS offering provides Lightning Network node hosting and channel management, easy-to-use API, and is a Liquidity Service Provider (“LSP”) for merchants on the platform.
The company’s total BTC capacity on the Lightning Network exceeds 30 BTC and over 300 channels for micropayment users to execute faster transactions with low fees and more security.
LQwD’s current strategy is to offer its PaaS for Lightning Network nodes and payment channels, provide LSP routing and liquidity services, and continue accumulating Bitcoin as a treasury reserve asset for staking and liquidity. LQwD has seen rapid growth with over 56,000 transactions and growing. With a current Lightning Network representation in 19 countries, the company plans to expand to 24 by the end of the current quarter, where it can earn fees in Bitcoin for forwarding payments across the network.
With more payment infrastructure going digital, the market outlook for digital payments is expected to reach US $361.30 billion by 2030, growing at a CAGR of 20.5%. Although cryptocurrency plays a minor role in these numbers, the push for payment transparency and enhanced customer experience has played a major role in various developing countries adopting cryptocurrencies over the past year (https://nnw.fm/ikekr ).
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://nnw.fm/LQWDF
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
- The Lightning Network has seen substantial growth over the past few years, doubling capacity year-over-year, and currently offers a capacity of over 4,500 BTC across thousands of channels worldwide
- LQwD currently spans 19 countries, including Japan, England, Canada, France, Australia, Italy, Indonesia, Japan-Osaka, Bahrain, South Africa, South Korea, Sweden, Singapore, Hong Kong, Brazil, Germany, India, Ireland, and US-West
- LQwD’s PaaS offering provides Lightning Network node and channel management, LSP for merchants, and an easy-to-use API for even novice BTC owners
The Lightning Network, a layer 2 payment protocol on the Bitcoin blockchain, set its first capacity record in August 2020, reaching 1,000 BTC. By July 2021, the Lightning Network had doubled its capacity, reaching 2,000 BTC. Continuing on this trend, July 2022 saw double the figure reported the year prior and has now exceeded a capacity of 4,500 BTC across all public nodes, enabling faster transactions atop the Bitcoin blockchain with lower fees and higher security protocols. Nodes and channels on the Lightning Network span the globe, with the top three countries including the United States (2,300 BTC), Germany (355 BTC), and Canada (151 BTC) (https://nnw.fm/tkbxB ).
The Lightning Network is scalable, global, open, inclusive, permissionless, and decentralized. Already built, the Network offers the advantage of scaling micropayments on a massive scale and offers a settlement rate of over one million transactions per second versus blockchain with seven transactions per second. The Bitcoin Lightning Network even outperforms Visa, with only 24,000 transactions per second. This, combined with lower fees and higher levels of security per transaction, makes the Lightning Network investment attractive for many crypto-focused businesses.
LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF), a financial technology company focused on creating enterprise-grade infrastructure to drive bitcoin adoption, is leveraging its company Bitcoin assets to grow and expand nodes across countries worldwide on the Lightning Network. With a current node count of 19, LQwD’s Lightning Network reach includes Japan, England, Canada, France, Australia, Italy, Indonesia, Japan-Osaka, Bahrain, South Africa, South Korea, Sweden, Singapore, Hong Kong, Brazil, Germany, India, Ireland, and US-West.
Using global nodes, LQwD has positioned itself for optimal growth on the network. The company simultaneously released its first node and platform as a service (“PaaS”), https://lqwd.tech/, in November 2021. LQwD’s PaaS offering provides Lightning Network node hosting and channel management, easy-to-use API, and is a Liquidity Service Provider (“LSP”) for merchants on the platform.
The company’s total BTC capacity on the Lightning Network exceeds 30 BTC and over 300 channels for micropayment users to execute faster transactions with low fees and more security.
LQwD’s current strategy is to offer its PaaS for Lightning Network nodes and payment channels, provide LSP routing and liquidity services, and continue accumulating Bitcoin as a treasury reserve asset for staking and liquidity. LQwD has seen rapid growth with over 56,000 transactions and growing. With a current Lightning Network representation in 19 countries, the company plans to expand to 24 by the end of the current quarter, where it can earn fees in Bitcoin for forwarding payments across the network.
With more payment infrastructure going digital, the market outlook for digital payments is expected to reach US $361.30 billion by 2030, growing at a CAGR of 20.5%. Although cryptocurrency plays a minor role in these numbers, the push for payment transparency and enhanced customer experience has played a major role in various developing countries adopting cryptocurrencies over the past year (https://nnw.fm/ikekr ).
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://nnw.fm/LQWDF
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
