- LQwD is leveraging the Lightning Network through its 17 international nodes, with the goal of having 24 nodes by the end of the current quarter
- Active LQwD nodes include Canada, France, Japan, England, Italy, Indonesia, Bahrain, South Africa, South Korea, Sweden, Singapore, Hong Kong, Brazil, Germany, India, Ireland, and US-West
- LQwD released its PaaS offering in November 2021, providing easy node and channel management on the Lightning Network and LSPs for merchants
- The blockchain market is expected to grow at a CAGR of 68.4%, resulting in a projected value of US $67.4 billion by 2026
Despite the volatility of the cryptocurrency market, namely Bitcoin prices falling approximately 38% in June to end the month at less than US $20,000 (https://ccw.fm/ZdBpN), the Lightning Network sees new all-time highs, boosting scaling capabilities of Bitcoin. The Lightning Network is a layer-2 scaling solution that makes Bitcoin transactions faster and lowers subsequent fees for sending and receiving across the network. The daily average capacity reported has crossed 4,167 BTC, up from the end of June, where reports showed a capacity of 3,962 BTC (https://ccw.fm/EVOiE).
LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF), a financial technology company focused on creating enterprise-grade infrastructure to drive bitcoin adoption, is scaling solutions through the Lightning Network. The company currently has 17 international nodes active on 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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