LQwD Fintech (TSX.V: LQWD) (OTC: LQWDF), an emerging technology company developing payment infrastructure for the Bitcoin Lightning Network, has deployed lightning network routing nodes in two countries recognized as significant financial global hubs: Germany and Singapore. According to the company, establishing nodes in these key locations provides critical gateways into the European and Asian payments processing “frontier,” giving LQwD an advantage in the space. Secured by the company-owned Bitcoin, the routing nodes are the first of several international nodes LQwD is planning to deploy this year. The company launched its first routing node in November 2021 in the United States; 80 additional nodes are now connected, and the entire system, which includes 84 new payment channels, has seen consistent week-of-week growth. Overall, the LQwD reports node growth since April 2021 has increased 227%, from 10,394 to more than 34,000 nodes currently established. In addition, over the past year, Bitcoin capacity has grown 220%, from 1,060 BTC to 3,398 BTC, with payment channels increasing from 38,000 to more than 86,000. “Deploying nodes enables LQwD to collect transaction, routing and processing fees, as well as secure a strong foothold on the LN network, positioning the company to participate in the significant global adoption now gathering momentum on the network,” the press release stated. “LQwD is confident that establishing international routing nodes into key countries such as Germany and Singapore shows capability and proof of concept, paving the way for LQwD to become a prominent Lightning Network liquidity and global payment processer.”
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About LQwD Fintech Corp.
LQwD is a Lightning Network service provider (“LSP”) focused on developing payment infrastructure and solutions accelerating the global mega trend of Bitcoin adoption through the Lightning Network. 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 and acquires Bitcoin as an operating asset establishing nodes and payment channels across the Lightning Network. For more information, please visit www.LQwDFintech.com.
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