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Amid Growing Interest in Cryptocurrencies, LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Roots Growth in Lightning Network Success in 2021

  • Arizona and Wyoming have introduced proposals for their states to introduce tax payments by digital currency
  • India is working toward incorporating a digital rupee, including the implementation of a 30% tax on income earned from digital currency investments to begin during 2022
  • LQwD’s growth is centered on the success of the Lightning Network and the expected growth during 2022

The future of Bitcoin, including applications that are being developed and others that are growing in the user base, was the focal point of discussion at Keyfest 2022, a virtual conference hosted by Casa, a Bitcoin custody provider and personalized key manager. During the summit, speakers consistently addressed the immense growth of the Lightning Network, a layer 2 Bitcoin protocol created to handle smaller, everyday transactions ( This network was launched in 2018 with a capacity to reach 1,104 BTC in only 11 months. From January to September 2021, the capacity of the Lightning Network grew 181% (1,058 to 2,968 BTC). The number of channels also hit 70,000 by September 2021 – realizing the capacity of the network to go “up and to the right.”

Building on the growth seen by the Lightning Network in 2021, experts in the industry expect 2022 to be even more successful. According to LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF), a company focused on developing institution-grade payment infrastructure, liquidity and solutions for…

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NOTE TO INVESTORS: The latest news and updates relating to LQWDF are available in the company’s newsroom at

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