- LQwD is leveraging the Lightning Network to facilitate worldwide micropayments of BTC with faster transaction times and lower fees
- The company’s PaaS also acts as a Liquidity Service Provider for merchants, enabling users of the platform to do more with the proprietary tools created and backed by the company’s BTC assets
- The global blockchain market was valued at US $4.67 billion in 2021 and is expected to grow from US $7.18 billion in 2022 to US $163.83 billion in 2029
Technological advances have made it possible for industry advances that were often underestimated. For example, the Voice-Over-Internet-Protocol (“VOIP”) movement was dismissed after being introduced in 1995 – until the broadband technology to scale VOIP arrived in 2003, and telecom found its copper-wire networks obsolete (https://ccw.fm/XZMyA). The financial industry is seeing the same kind of shift with Bitcoin and other cryptocurrencies. Many critics have underestimated the value that blockchain holds in the infrastructure of banking institutions, but now the Lightning Network is positioning itself to scale the industry and increase the once underestimated crypto industry capabilities.
LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF), a financial technology company focused on creating enterprise-grade infrastructure to drive bitcoin adoption, is on a mission to develop institutional-grade services that support the Lightning Network and drive improved functionality, transaction capability…
NOTE TO INVESTORS: The latest news and updates relating to LQWDF are available in the company’s newsroom at https://ccw.fm/LQWDF
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