LQwD Fintech (TSX.V: LQWD) (OTC: LQWDF), a Bitcoin Lightning Network focused company developing institution-grade payment infrastructure and solutions, today announced its entry into an agreement with Israeli-based Breez Development Ltd., a leading Lightning Network service provider. As part of the agreement, LQwD intends to offer Lightning Network liquidity services to Breez clients and provide on-demand Lightning Network channels whenever required. In addition, LQwD will run one or more Breez-modified Lightning Network routing nodes and, upon completion of services, Breez will add LQwD as a liquidity partner. “We are excited to work with Breez and become a liquidity partner within the Breez App. This development is another step forward for LQwD’s mandate of positioning the company as the most prominent institutional-grade Lightning Network service provider,” said Shone Anstey, CEO of LQwD Fintech Corp. “In addition, we will continue to acquire Bitcoin as an operating and strategic asset, enabling the company to establish nodes and payment channels on the rapidly growing Lightning Network as well as benefit from potential capital appreciation.”
In addition, LQwD announced that it has increased its holdings by acquiring a further number of Bitcoins since its previous release. The company has spent a total of C$8.3 million to date in the purchase of approximately 139 Bitcoins, which it now holds, each at an average cost of approximately C$60,000 (US$48,000).
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About LQwD Fintech Corp.
LQwD is a Lightning Network Service Provider (“LSP”) focused company developing payment infrastructure and solutions. The company’s mission is to develop 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 acquires Bitcoin as an operating asset, establishing nodes and payment channels across the Lightning Network. 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://ibn.fm/LQWDF
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