NetworkNewsBreaks – LQwD FinTech Corp. (TSX.V: L
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Posted On: 09/19/2022 3:42:45 PM
NetworkNewsBreaks – LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Leveraging Lightning Network to Offer Better Solutions
LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF) is focused on developing institution-grade payment infrastructure, liquidity and solutions for the Lightning Network (“LN”). The company is at the forefront of making micropayment transactions quick and affordable for consumers by leveraging its Bitcoin assets to create the channels necessary to facilitate growth across the LN. “LQwD has expanded its reach, providing LN nodes across 17 countries and a goal of increasing its presence to 24 countries by the end of the current quarter… Collectively, these [existing] nodes offer users a capacity of over 30 BTC and access to over 300 payment channels. The company also released the first version of its proprietary technology platform-as-a-service (‘PaaS’) in November 2021, allowing for easier management of LN nodes and offering itself as a Liquidity Service Provider (‘LSP’) for merchants,” a recent article reads. “Transactions on the Lightning Network offer solutions for users and merchants that exceed the limits in place by other providers. In terms of transactions per second (‘TPS’), Bitcoin’s blockchain only offers a capacity of 7 TPS, whereas leading providers like Visa offer 24k TPS. The LN increases the capabilities for sending and receiving payments exponentially, bypassing leading financial institutions with more than a million TPS… With countries looking to make payment solutions easier for consumers, the LN offers a solution that traditional banks cannot – ease of payment, quicker transaction times, and higher levels of security for each transaction.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF) is focused on developing institution-grade payment infrastructure, liquidity and solutions for the Lightning Network (“LN”). The company is at the forefront of making micropayment transactions quick and affordable for consumers by leveraging its Bitcoin assets to create the channels necessary to facilitate growth across the LN. “LQwD has expanded its reach, providing LN nodes across 17 countries and a goal of increasing its presence to 24 countries by the end of the current quarter… Collectively, these [existing] nodes offer users a capacity of over 30 BTC and access to over 300 payment channels. The company also released the first version of its proprietary technology platform-as-a-service (‘PaaS’) in November 2021, allowing for easier management of LN nodes and offering itself as a Liquidity Service Provider (‘LSP’) for merchants,” a recent article reads. “Transactions on the Lightning Network offer solutions for users and merchants that exceed the limits in place by other providers. In terms of transactions per second (‘TPS’), Bitcoin’s blockchain only offers a capacity of 7 TPS, whereas leading providers like Visa offer 24k TPS. The LN increases the capabilities for sending and receiving payments exponentially, bypassing leading financial institutions with more than a million TPS… With countries looking to make payment solutions easier for consumers, the LN offers a solution that traditional banks cannot – ease of payment, quicker transaction times, and higher levels of security for each transaction.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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