BTCW:CC - LQWD Technologies and Bitcoin Well Announce Lightning Node Collaboration
(TheNewswire)
Edmonton, Alberta – TheNewswire - May 30 , 2024 – Bitcoin WellInc. (“ Bitcoin Well ” or the “ Company ”)( TSXV: BTCW ) ; ( OTCQB: BCNWF ), thenon-custodial bitcoin business on a mission to enable independenceannounces a Bitcoin Lightning Network channel collaboration wherebyLQWD (TSXV: LQWD ) ; ( OTCQB: LQWDF), a leadingLightning Network infrastructure and liquidity provider will pointLightning Network liquidity to the Bitcoin Well Lightning Node tosupport routing Bitcoin Well customer payments.
LQWD has successfully pointed liquidity from itsCanada, France and Singapore lightning nodes to Bitcoin Well, whoannounced the successful launch of Bitcoin Well Payment Addressesearlier this week. The partnership will be mutually beneficial as theLQWD network will begin to route Lightning Payments made by BitcoinWell customers.
Bitcoin Well now enables its customers to send bitcoinvia the Lightning Network to a dedicated Lightning Payment Address(“ PaymentAddress ”). This dedicated Payment Address willautomatically convert the bitcoin into dollars and immediately sendthem to the customer’s bank account. Bitcoin Well has over 18,000unique user sign ups. To learn more about the Bitcoin Well PaymentAddress system please refer to the company’s blog .
“Having the routing capability of LQWD behind us is amassive benefit,” said Adam O’Brien, founder and CEO of BitcoinWell. “Their Canada node is ranked in the top 10 of global nodes andwill ensure our customer’s transactions are routedefficiently”
"We are thrilled to collaborate with Bitcoin Wellin enhancing the efficiency and reach of the Lightning Network,”said Shone Anstey, CEO of LQWD. “By providing our readily availableliquidity resources, we are not only improving transaction speeds andreliability for Bitcoin Well customers but also advancing our sharedgoal of making bitcoin more accessible and practical for everyday use.This collaboration underscores our commitment to innovation andexcellence in the Bitcoin ecosystem."
About Bitcoin Well
Bitcoin Well is on a mission to enable independence. Wedo this by making bitcoin useful to everyday people to give them theconvenience of modern banking and the benefits of bitcoin. We like tothink of it as future-proofing money. Our existing Bitcoin ATM andOnline Bitcoin Portal business units drive cash flow to help fund thismission.
Join our investor community and follow us on Nostr , , and tokeep up to date with our business.
Bitcoin Well contact information
To book a virtual meeting with our Founder & CEOAdam O’Brien please use the following link: https://bitcoinwell.com/meet-adam
For additional investor & media information, pleasecontact:
Adam O’Brien
Tel: 1 888 711 3866
About LQWDTechnologies Corp.
LQWD (TSXV: LQWD; OTCQB:LQWDF), is a Canadian-based leading BitcoinLightning Network global infrastructure and liquidity provider. Sincelaunching its global routing network, LQWD has routed over 550,000transactions and 570 Bitcoin. LQWD also owns 115 Bitcoin and has nodebt with approximately 13.2 million shares outstanding.
LQWD contactinformation:
Ashley Garnot, Director
Phone: 1.604.669.0912
Email: ashley@lqwd.money
Website: www.lqwdtech.com
X: @LQWDTech
Neither TSXVenture Exchange nor its Regulation Services Provider (as that term isdefined in policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of thisrelease .
Forward-lookinginformation
Certain statements contained in thisnews release may constitute forward-looking information, which isoften, but not always, identified by the use of words such as"anticipate", "plan", "estimate","expect", "may", "will","intend", "should", or the negative thereof and similar expressions. Allstatements herein other than statements of historical fact constituteforward-looking information including, but not limited to, statementsin respect of Bitcoin Well’s business plans, strategy and outlook.Forward-looking information involves known and unknown risks,uncertainties and other factors that may cause actual results orevents to differ materially from those anticipated in suchforward-looking information including, but not limited to, the riskfactors described in Bitcoin Well’s annual information form andmanagement’s discussion and analysis for the year ended December 31,2023. Forward-looking information should not be unduly reliedupon. Any forward-lookinginformation contained in this news release represents Bitcoin Well’sexpectations as of the date hereof and is subject to change. BitcoinWell disclaims any intention or obligation to revise anyforward-looking information, except as required by applicablesecurities legislation.
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