- Since launching the first node in late November 2021, LQwD has seen 127 nodes interconnected with more than 130 transaction channels, routing close to 10 Bitcoin through connected channels
- LQwD currently has four active nodes – US-West, Singapore, Germany, and Indonesia
- LQwD’s PaaS was launched November 17, 2021, creating a scalable approach to sending and receiving payments worldwide with lower fees and ease of access on the lqwd.tech platform
- The global cryptocurrency market was valued at USD$1.49 billion in 2020 and is expected to reach USD$4.94 billion by 2030
LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF), an emerging technology company developing payment infrastructure for the layer-two technology – the Lightning Network – has announced the development of a new routing node in Jakarta, Indonesia. The Indonesian node is the fourth routing node released by LQwD on the Lighting Network, joining US-West, Germany, and Singapore. Since launching the first node in late November 2021, LQwD has seen 127 nodes interconnected with more than 130 transaction channels, routing close to 10 Bitcoin through connected channels.
“With a population of more than 260 million and over $50 billion crypto assets reportedly traded, Indonesia is one of the world’s most valuable, untapped, emerging markets, with all the right dynamics for Lightning Network to excel,” LQwD CEO Shone Anstey said, commenting on the launch of…
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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