LQwD Fintech (TSX.V: LQWD) (OTC: LQWDF) today announced that it has established routing nodes and has deployed Bitcoin into payment channels on the Lightning Network (“LN”), providing essential liquidity to support significant growth of the network over the past year. According to the update, the milestone is the first stage in the company’s Lightning Network platform becoming operational, providing infrastructure, solutions and liquidity to support the development of the network and earning fees in the process. A layer two payment protocol built on top of the Bitcoin blockchain, the Lightning Network is composed of nodes (computers) running the LN software, connected to other nodes via payment channels allowing them to forward payments on the way to their final recipient. LQwD stakes its Bitcoin on routing nodes to help ensure the functioning of the network where fees can be earned for forwarding transactions. The company expects the growth, demonstrated through the increased number of nodes, payment channels and overall network capacity, to continue and intends to establish a maximum footprint to capture transaction fees as network volume grows.

To view the full press release, visit https://ccw.fm/Aivh9

About LQwD Fintech Corp.

LQwD is a Lightning Network Service Provider (“LSP”) focused company developing payment infrastructure and solutions. 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 as an operating asset establishing nodes and payment channels across the Lightning Network. 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 (“CCW”)

CryptoCurrencyWire (CCW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire 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 the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with CCW Prime. 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.

To receive instant SMS alerts, text CRYPTO to 77948 (U.S. Mobile Phones Only)

CryptoCurrency News Wire is where News, content and information converge via Crypto.

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

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