- LQwD has recently deployed additional routing nodes in Europe, namely in Italy, Sweden, Ireland, England and France
- Since the US-West deployment in November 2021, LQwD has seen 157 nodes interconnected with more than 158 transaction channels over 10 Bitcoin through all channels
- Arcane Research predicts that there will be as many as 700 million Lightning Network users by 2030
- The global cryptocurrency market is expected to reach US$4.94 billion by 2030
LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF), an emerging technology company developing payment infrastructure for the Bitcoin Lightning Network, has announced the deployment of additional European routing nodes. The company’s available European routing nodes include Italy, Sweden, England, Ireland, France, and Germany. Europe contains approximately 43% of all Lightning Network nodes — second to North America.
“LQwD’s launch of these additional nodes firmly positions us to increase our overall value on the network,” LQwD CEO Shone Anstey said, commenting on the launch of the new nodes (https://nnw.fm/H5sQ5). “Being a leading Lightning Network infrastructure and transaction facilitator has a lot of value: First, Lightning Network’s early-movers (like us) are best positioned to strategically expand our position on the network. Second, the more nodes LQwD establishes worldwide, the more transactions can be routed through our node network. And each transaction represents a routing fee.”
Since launching the first routing node, US-West, in November 2021, LQwD has seen 157 nodes interconnected with more than 158 transaction channels, routing over 10 Bitcoin through these channels.
As of March 16, 2022, the current routing nodes available from LQwD include:
- US-West
- Capacity: 5.347346880 BTC (US$216,565.78)
- Channel Count: 94
- Singapore
- Capacity: 1.774338770 BTC (US$71,860.13)
- Channel Count: 33
- Germany
- Capacity: 1.385000160 BTC (US$56,092.05)
- Channel Count: 24
- Indonesia
- Capacity: 0.079242420 BTC (US$3,209.29)
- Channel Count: 2
- France
- Capacity: 0.062000050 BTC (US$2,510.98)
- Channel Count: 2
- Ireland
- Capacity: 0.050000330 BTC (US$2,025.00)
- Channel Count: 1
- Sweden
- Capacity: 0.050000440 BTC (US$2,025.00)
- Channel Count: 1
- Italy
- Capacity: 0.050000250 BTC (US$2,024.99)
- Channel Count: 1
- England
- Capacity: 0.050000150 BTC (US$2,024.99)
- Channel Count: 1
To follow LQwD’s routing nodes, channels and growth, visit www.1ML.com.
The Lightning Network has been expanding significantly over the last 12 months, with Arcane Research predicting that there will be as many as 700 million Network users by 2030. The most recent growth spurt for the network occurred in September 2021, during which El Salvador adopted Bitcoin as legal tender country-wide. It is forecasted that countries where banking access is considered “poor” will be prime candidates for adopting Bitcoin or other cryptocurrencies as legal tender (https://nnw.fm/puSZ4).
This increase in demand and popularity are expected to continue driving the global cryptocurrency market’s growth. According to Allied Market Research, the cryptocurrency sector worldwide was valued at US$1.49 billion in 2020. The market is expected to grow at a CAGR of 12.8% during the forecast period, resulting in a value of US$4.94 billion by 2030. Major factors that are anticipated to drive this growth include the need for operational efficiency, transparency in financial payment systems, the rise in demand for remittances in developing countries, an increase in data security, and an improved market cap (https://nnw.fm/7MoWC).
In November 2021, LQwD launched its proprietary platform as a service (“PaaS”) solution for the Lightning Network — lqwd.tech — a global scale Lightning Network infrastructure that allows users to easily deploy, monitor and manage their Lightning Network nodes. The PaaS from LQwD allows individuals to complete transactions with ease without requiring any technical knowledge to do so, and at consistently lower fees. The platform also provides users with API access to the nodes.
For more information, visit the company’s website at www.LQwDFinTech.com.
NOTE TO INVESTORS: The latest news and updates relating to LQWDF are available in the company’s newsroom at https://nnw.fm/LQWDF
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