LQWDF) leverages over 30 BTC capacity and 300 channels across 17 countries on the Lightning Network

• The Lightning Network offers consumers increased transaction speeds, worldwide access and lower fees when sending micropayments across nodes.
• LQwD leverages the Lightning Network using its own Bitcoin resources to provide solutions for consumers; The company plans to expand its reach to 24 countries worldwide by the end of the current quarter
• The need for transparency in the financial industry is fueling the growth of the cryptocurrency market, with an expected value of $4.94 billion by 2030

The concept of The Lightning Network was brought to the public in 2015 when Bitcoin developers Joseph Poon and Thaddeus Dryja published an article about bringing “scalable off-chain payment” to the public. Since then, the layer 2 payment protocol on top of the Bitcoin blockchain has grown, providing higher scalability for sending and receiving payments across channels worldwide. With more countries accepting cryptocurrency payments, there is increased interest from community banks and countries seeking to find viable solutions to their banking problems – giving the masses access to payment solutions, faster transaction times and increased security on a global level.

Leveraging its own Bitcoin assets, LQwD FinTech (TSX.V: LQWD ) (OTCQB: LQWDF ), a financial technology company focused on creating enterprise-grade infrastructure to drive bitcoin adoption, has expanded its reach, offering Lightning Network nodes in 17 countries and a goal to increase its presence to…

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