LQwD Fintech Launches Version 2 of Bitcoin Lightning Network Platform

VANCOUVER, BC, 16 December 2022 /PRNewswire/ – Lightning Network-focused LQwD Fintech Corp. (TSXV: LQWD) (OTCQB: LQWDF), announces that it has released a new and updated version of lqwd.tech, the company’s proprietary, non-custodial Lightning Network Software as a Service (SaaS) platform.

LQwD’s Lightning Network platform makes it easier for institutions, businesses and users to integrate and use the Lightning Network. The platform, which is highly scalable, allows for millions of Bitcoin transactions to be made in seconds over the Lightning Network.

“We are very excited about the release of the updated version of our Lightning Network platform, lqwd.tech” stated CEO, Shone Anstey “We have learned a lot and made great improvements to the platform and LQwD as a company has become a key player on the Lightning Network through its global routing nodes and our user-friendly platform.”

The updated version of lqwd.tech has a new look and includes updated features that enable users to:

• Easily create and manage Lightning Network nodes.
• Trade securely, privately and almost instantly on the Lightning Network.
• Create Lightning Network channels with efficient routing.
• Request and manage liquidity more efficiently.

The company has distributed part of its Bitcoin holdings to maintain its 19 globally launched nodes and provide liquidity to the platform, thereby enabling the company to earn transaction fees on this rapidly growing global payment rail. Currently, LQwD’s global routing nodes have forwarded over 123 thousand transactions totaling 250 Bitcoin.

For more information on LQwD’s Lightning Network platform, or to register as a user, please visit lqwd.tech

About the Lightning Network

Lightning Network is a solution for mass scaling the use of Bitcoin for microtransactions globally, dramatically improving fees and instant settlement times.

About LQwD FinTech Corp.

LQwD is a Lightning Network Service Provider (LSP) focused on developing payment infrastructure and solutions that accelerate the global megatrend of Bitcoin adoption through the Lightning Network. The company’s mission is to develop institutional services that support the Lightning Network and drive improved functionality, transaction capability, user adoption and utility, and scaling Bitcoin. LQwD also holds Bitcoin which is used as a means of operation to establish nodes and payment channels on the Lightning Network.

Forward-looking statements

This press release contains “forward-looking information” within the meaning of applicable securities laws relating to the Company’s business plans and the outlook for the Company’s industry. Although the Company believes, in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been deemed appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the company cannot give any guarantee that they will prove to be correct. Actual results and developments may differ materially from those contemplated in these statements. The statements in this press release are made as of the date of this release, and the Company undertakes no responsibility to update them or revise them to reflect new events or circumstances other than as required by applicable securities laws. The Company undertakes no obligation to comment on analyses, expectations or statements of third parties with respect to the Company, LQwD Financial, their securities, or their respective financial or operating results (as applicable).

Neither the TSX Venture Exchange nor its regulatory services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE LQwD FinTech Corp.