- LQwD released its platform as a service offering in November 2021, also releasing its first node on the Lightning Network – US-West
- Since then, nine additional nodes have been released worldwide: Ireland, India, Germany, Indonesia, Italy, Singapore, Sweeden, England, and France – with more likely to follow
- Despite volatility in Bitcoin, the Lightning Network continues to grow, with most recent reports indicating that the Network’s capacity is over 3,539 BTC
- Users can send payments quickly and with lower fees when utilizing the Lightning Network and PaaS solutions like LQwD
One of the most dependable characteristics of the cryptocurrency market is its volatility. Despite seeing an all-time high in November 2021, the current cryptocurrency market cap has lingered in the US $1.24 to US $1.31 trillion range struggling to break beyond this limited barrier. On May 24, 2022, the closing price of Bitcoin again fell below US $30,000 – dropping more than 3% in 24 hours. “The crypto market struggled to stay in the green as sellers dominated the market to open the week. Tether has paid $10 billion in withdrawals since the crypto market, which indicates large-scale liquidations across the crypto market by the investors to recalibrate their portfolio,” BuyUcoin CEO Shivam Thakral stated (https://ccw.fm/uBVEC). “The crypto market is expected to stay in a bear phase for some time, and most the investors will stay in a wait and watch mode.”
Not all companies are in the "watch and wait" mode when it comes to Bitcoin or the Lightning Network. LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF), a financial technology company focused on creating enterprise-grade infrastructure to drive bitcoin adoption, is still leveraging the...
NOTE TO INVESTORS: The latest news and updates relating to LQWDF are available in the company’s newsroom at http://ccw.fm/LQWDF
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