LQWDF) continues to pursue scalability of Bitcoin micropayments using Lightning network amid opposition ECB paper publication

• The FED and ECB have taken different sides on the scalability of the Lightning Network as a viable solution to solving the world’s payment problems
• LQwD currently has 19 active nodes on the Lightning Network – each with a capacity that continues to grow, with the goal of creating access to 24 countries worldwide by the end of the current quarter
• LQwD’s active nodes include US-West, Ireland, India, Germany, Brazil, Hong Kong, Singapore, Sweden, South Korea, South Africa, Bahrain, Indonesia, Italy, Australia, Japan-Osaka, France, Canada, England and Japan
• The cryptocurrency market is expected to reach $2.2 billion by 2026, growing at a CAGR of 7.1%

On the heels of the Federal Reserve Bank of Cleveland’s Working Paper Series release of “The Lightning Network: Monetizing Bitcoin,” The European Central Bank (“ECB”) has published its own, “Towards the Holy Grail of Cross-Border Payments,” explore six potential pathways to address inefficiencies in cross-border payments to meet the need for instant, low-cost, universal reach and secure settlement in the industry (

Similar to the FED paper, the ECB lays out the framework for using blockchain and Bitcoin payment structures to facilitate payments, but also includes the downsides associated with the ever-changing technology. The ECB paper assumes that even with the use of the Lightning Network, a layer 2 payment…

Read more >>

NOTICE TO INVESTORS: The latest news and updates relating to LQWDF are available in the company’s newsroom at

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 efficient manner possible, (2) article and editorial syndication to 5,000+ news channels, (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 range of corporate communication solutions As a multifaceted organization with a comprehensive team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies seeking to reach a broad audience of investors, consumers, journalists and the general public. By cutting through the information overload in today’s market, CCW provides its clients with unparalleled visibility, recognition and brand awareness. CCW is where crypto news, content and information converge.

To receive instant SMS alerts from CryptoCurrencyWire, text “CRYPTO” to 844-397-5787 (US cell phones only)

For more information, please visit

Please see the full terms of use and disclaimers on the CryptoCurrencyWire website that apply to all content provided by CCW, however published or republished:

CryptoCurrencyWire (CCW)
New York, New York
www.CryptoCurrencyWire.com
212.994.9818 Office
[email protected]