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LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Taps Global Adoption of Bitcoin to Open Payment Opportunities Worldwide Through Use of Lightening Network

  • Recent Lightning Network statistics show over 17,000 active nodes with more than 87,000 payment channels facilitating a capacity of over 4,500 BTC worldwide
  • LQwD is currently leveraging the Lightning Network with nodes active in the United States, Ireland, India, Germany, Brazil, Hong Kong, Singapore, Sweden, South Korea, South Africa, Bahrain, Indonesia, Italy, Australia, Japan-Osaka, England, Japan, France, and Canada
  • LQwD anticipates increasing node coverage to 24 countries by the end of the current quarter

The Lightning Network is a Layer 2 protocol designed to help scale Bitcoin’s base layer. It comprises nodes consisting of payment channels that help facilitate affordable, fast, and more secure payments. As awareness increases, so does the growth of the Lightning Network, with recent statistics showing over 17,000 nodes that exceed 87,000 channels that support a capacity of over 4,500 BTC worldwide (https://ccw.fm/vMjfY). Nodes in the United States make up more than half of the current capacity with 2,300 BTC currently locked in the Lightning Network, followed by Germany with 355 BTC and Canada with 151 BTC.

LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF), a financial technology company focused on creating enterprise-grade infrastructure to drive bitcoin adoption, is leveraging the Lightning Network in pursuit of expanding the capabilities of bitcoin, with 19 active worldwide nodes on the…

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NOTE TO INVESTORS: The latest news and updates relating to LQWDF are available in the company’s newsroom at https://ccw.fm/LQWDF

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