- Netcoins will establish a node using LQwD’s Lightning Network PaaS, marking the first institutional grade lightning payment channel for BIGG and Netcoins
- Netcoins will serve as LQwD’s preferred liquidity provider for Coincurve.com, and the two affiliates will also provide the currency platform and Lightning Network with a suite of institutional/government grade compliance software – including BitRank(R) and QLUE(TM)
- Blockchain is expected to grow at a CAGR of 82.4% from 2021 to 2028, resulting in overall revenue of $394.6 billion by 2028, from $5.88 billion in 2021
- In the last 90 days, the Lightning Network has experienced explosive node growth, doubling and increasing BTC capacity by 51.74%
Accelerating the global megatrend of Bitcoin adoption through its proprietary Lightning Network, financial technology company LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF) has announced that it has entered into a strategic services agreement with Netcoins, Inc., a leading Canadian crypto trading platform and a subsidiary of BIGG Digital Assets (CSE: BIGG) (https://nnw.fm/lIOq8).
LQwD provides a unique opportunity to participate in advanced technology within the financial market, the idea of Bitcoin as an asset, and the infrastructure that powers its layer-2 payment solution in the Lightning Network. Under the agreement, Netcoins will establish a node using LQwD’s Lightning Network Platform as a Service (“PaaS”) software. This will mark the first institutional grade lightning payment channel for BIGG and its subsidiary.
In turn, Netcoins will serve as the preferred liquidity provider for LQwD’s virtual currency platform, Coincurve.com. BIGG’s Blockchain Intelligence Group and Netcoins’ affiliate will provide the currency platform and Lightning Network with a suite of institutional and governmental grade compliance software – including BitRank(R) and QLUE(TM).
“We are grateful to have a strong relationship with Netcoins and Blockchain Intelligence Group as we expand our footprint in the rapidly emerging Bitcoin Lightning Network. LQwD can now leverage BitRank(R) and QLUE(TM) for our AML needs and route crypto purchases for Coincurve.com and additional platforms through Netcoins, Canada’s first publicly traded, licensed crypto trading platform,” LQwD CEO Shone Anstey said. “It also allows Netcoins to have an early mover advantage in the Canadian markets for handling instant deposits and withdrawals of Bitcoin via LQwD’s Bitcoin Lightning Network platform.”
LQwD’s Lightning Network is a solution that provides mass scaling of Bitcoin for microtransactions worldwide, by providing significant improvements on transaction fees and settlement times. In the last 90 days, the Lightning Network has experienced explosive node growth, doubling and increasing the Lightning Network BTC capacity by 51.74%, amid enthusiasm over the potential incorporation of the Network with various popular platforms.
Driven by the goal of building the Lightning Network to allow users to make instant, secure, and inexpensive payments anywhere in the world using Bitcoin, LQwD is working to revolutionize the global digital currency industry. This revolution is reinventing money and finance, giving individuals greater control over their financials. Now, users can save, earn, send, receive, and complete transactions any time – day or night – with minimal cost. The opportunities and the pace of this rapidly growing industry are only getting bigger as more industries and individuals are turning toward blockchain cryptocurrencies.
Blockchain technology is subsequently expected to continue growing at a CAGR of 82.4% from 2021 to 2028. The market’s estimated value for 2021 is $5.88 billion and is projected to grow to $394.6 billion by 2028 (https://nnw.fm/OPwfS). This increase is expected due to the growing acceptance of blockchain technology for payment processing and issuance of digital currencies by financial institutions worldwide. Removing unnecessary intermediaries, blockchain technology decentralizes the industry and allows for better performance during transactions.
For more information on LQwD and the Lightning Network, visit the company’s website at https://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
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)
For more information, please visit https://www.NetworkNewsWire.com
NetworkNewsWire is part of the InvestorBrandNetwork.