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://ibn.fm/whNL8). “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:
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://ibn.fm/FOs1V).
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://ibn.fm/Q2IxM).
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://ccw.fm/LQWDF
About CryptoCurrencyWire
CryptoCurrencyWire (“CCW”) is a financial news and content distribution company that provides (1) access to a network of wire services via InvestorWire 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 IBN (InvestorBrandNetwork) to nearly 2 million followers, and (5) a full array of corporate communications solutions As a multifaceted organization with an extensive team of contributing journalists and writers, CCW 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, CCW brings its clients unparalleled visibility, recognition and brand awareness. CCW is where news, content and information about crypto converge.
To receive instant SMS alerts from CryptoCurrencyWire, text “CRYPTO” to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.cryptocurrencywire.com
Please see full terms of use and disclaimers on the CryptoCurrencyWire website applicable to all content provided by CCW, wherever published or re-published: https://CCW.fm/Disclaimer
CryptoCurrencyWire (CCW)
New York, New York
www.cryptocurrencywire.com
212.994.9818 Office
Editor@CryptoCurrencyWire.com
CryptoCurrencyWire is part of the InvestorBrandNetwork.
President Donald Trump recently signed a measure overturning a controversial IRS rule that would have…
Deciding whether to invest in crypto long-term is a big move, but figuring out how…
The federal government is making a significant shift in its approach to cryptocurrency by pulling…
The cryptocurrency market remained under pressure on Monday, with Bitcoin slipping below $78,000 during early…
Taking place virtually on April 15, 2025, this pioneering event will unite global financial leaders,…
The “ClickFake” campaign from North Korea is bringing cybersecurity risks in the cryptocurrency space to…