LQwD Fintech’s (TSX.V: LQWD) (OTCQB: LQWDF) co-founder, chairman and CEO Shone Anstey was recently featured in a Gamechangers LIVE(R) podcast episode where he shared his background in the cryptocurrency industry and offered insight into Bitcoin’s Lightning Network. A recent article quotes Anstey as saying, “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.” LQwD has leveraged these features, using advantages of the Lightning Network and the necessity of a scalable solution for remitting smaller payments in creation of its platform-as-a-service (“PaaS”), lqwd.tech, which launched in late 2021. It offers an alternative to traditional blockchain transactions — the Lightning Network offers fewer fees, quicker settlements and transaction security. LQwD’s platform is designed to empower institutions, businesses and investors, making the Lightning Network easy to work with.
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About LQwD Fintech Corp.
LQwD is an early mover as a Lightning Network Service Provider (“LSP”) focused on developing payment infrastructure and solutions. LQwD is developing institutional grade services that support the Lightning Network and drive improved functionality, transaction capability, user adoption and utility and scaling Bitcoin. LQwD also holds and, as warranted, acquires Bitcoin as an operating asset to secure nodes, liquidity and payment channels across the Lightning Network. For more information, visit the company’s website at www.LQwDFintech.com.
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