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LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) CEO Shone Anstey Discusses Lightning Network Future, Own Company’s PaaS Offering in Gamechangers LIVE(R) Podcast

  • The podcast is hosted by Executive Coach and Speaker Sergio Tigera, who spent half an hour discussing Anstey’s cryptocurrency past, present, and future 
  • The LQwD CEO shared his unique perspective on the journey, mindset, struggles, and successes accomplished 
  • The PaaS offered by LQwD was released November 17 and makes Bitcoin’s Lightning Network easy to use and allowing for low fees, faster transactions and the ability to make micro-transactions

The December 21 episode of Gamechangers LIVE(R) featured the Co-Founder, Chairman, and CEO of LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF), Shone Anstey. LQwD is a fintech company that focuses on creating enterprise-grade infrastructure to drive Bitcoin adoption. The Gamechangers LIVE podcast is a series that puts a spotlight on individuals who are game-changers in their respective fields or industry. During the podcast, Anstey was able to share a unique perspective on the journey, mindset, struggles, and successes accomplished – all to inspire and inform Gamechangers LIVE(R) listeners (https://nnw.fm/L05fD).

Executive Coach and Speaker Sergio Tigera hosted the Gamechangers LIVE(R) podcast. During the interview, Anstey talked about his background in the cryptocurrency industry, including his co-founding of BIGG Digital Assets (CSE: BIGG) (OTCQX: BBKCF), and then turned his attention to the Lightning Network.

“I started BIGG Digital Assets late in 2014. We went through crypto winter, survived all of that, came out the other side, and built a great compliance software. In 2019, we bought Netcoins and bolted on our compliance software to create a compliance-first exchange,” Anstey said, underlining that BIGG has now become one of Canada’s largest exchanges. “I’m still with BIGG as a director and large shareholder, but my full-time focus has been on LQwD for the past two years.” 

After discussing his BIGG venture, Anstey discussed the Lightning Network and LQwD’s overlay for the network, which is designed to improve the overall transactional process. “When Bitcoin came around, it just was like ‘hey, this is just an extension of the internet.’ Everything that we’re doing here is just a continuation of the revolution of the internet. I came from an analytics background. I’m a pragmatic person. I was looking at how to take Bitcoin mainstream and how to take crypto mainstream,” Anstey explained his approach and motivation during the interview.

The LQwD CEO offered some of his own insight into Bitcoin’s Lightning Network, the benefits it provides, and its future. “The Lightning Network solves Bitcoin’s scalability issue. At seven transactions per second, Bitcoin is very slow and very secure. If you want to transfer $100 million worth of Bitcoin, the main network is absolutely acceptable, but if you want to use Bitcoin every day for coffee or purchases or remittances of smaller denominations, the Lightning Network allows you to send really small amounts more quickly. It offers a real solution to the scaling problem,” he said. Anstey added that the Lightning Network has been experiencing rapid growth over the last five years, with a 205% increase of the network in terms of nodes, channels, and capital this year alone.

The largest point that Anstey made during the interview with Tigera focused on the benefits and scalability of Bitcoin’s Lightning Network. LQwD has leveraged these features, using the advantages of the Lightning Network and the necessity of a scalable solution for remitting smaller payments more quickly, which is where the company’s platform-as-a-service (PaaS), lqwd.tech, factors in. 

LQwD’s PaaS was released earlier last month, November 17, offering an alternative to the traditional blockchain transactions – the Lightning Network offers fewer fees, quicker transaction settlements, and transaction security. LQwD’s PaaS aims to empower institutions, businesses, and investors making the Lightning Network easy to work with, lqwd.tech was designed to be scalable and adaptive to the fast-paced growth of the Network, allowing for millions of Bitcoin transactions in seconds. LQwD expects that the Lightning Network will be a force for change globally and become the global monetary exchange of the future.

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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