LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF) is a company focused on developing institution-grade payment infrastructure, liquidity and solutions for the Lightning Network, a layer 2 payment protocol on top of the blockchain that facilitates almost instant microtransactions with lower associated fees. The Lightning Network dramatically increases the blockchain transaction time for Bitcoin from approximately seven transactions per second to 1,000,000 per second. In comparison, a major credit card company has a network capacity of 65,000 transactions per second in terms of fiat currency. “LQwD is leveraging the Lightning Network and providing a proprietary platform-as-a-service (‘PaaS’) that speeds up transaction times, is secure and facilitates payments anywhere in the world. LQwD’s PaaS was created to be user-friendly – with little to no technological prerequisite required,” a recent article reads.
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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 on the Lightning Network. For more information, visit the company’s website at www.LQwDFinTech.com.
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