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LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Announces Change in Senior Management as the Company Forwards over 100 BTC on Lightning Network
July 26, 2022

LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Announces Change in Senior Management as the Company Forwards over 100 BTC on Lightning Network

  • LQwD has 17 active nodes worldwide on the Lightning Network
  • Current nodes include Italy, Indonesia, Canada, France, Japan, England, Bahrain, South Africa, South Korea, Sweden, Singapore, Hong Kong, Brazil, Germany, India, Ireland, and the United States
  • US-West holds the highest capacity at 5.970784520 BTC and a channel count of 115, followed by France, with a capacity of 2.62276941 BTC and 57 channels
  • The cryptocurrency market size was valued at US $1.6 billion in 2021. It is expected to reach US $2.2 billion by 2026, growing at a CAGR of 7.1% over the forecast period

LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF), a financial technology company focused on creating enterprise-grade infrastructure to drive bitcoin adoption, has announced the appointment of Aziz Pulatov as Chief Technology Officer, replacing Albert Szmigielski, who has resigned from the position but will remain as a strategic advisor to the company. Mr. Pulatov has extensive experience in the industry as a senior software architect and Bitcoin expert. He is a senior DevOps engineer and Amazon Web Services-certified SysOps Administrator. The company expressed gratitude to Mr. Szmigielski for his many contributions and looks forward to what he will bring in his new adversarial role for the company (https://ibn.fm/K6v9O).

LQwD has launched 17 active nodes on the Bitcoin Lightning Network spanning multiple countries to facilitate faster transactions with lower fees. The first node (US-West) was launched in November 2021, around the same time the company launched its platform-as-a-service (“PaaS”) offering, lqwd.tech. LQwD’s PaaS solution allows users worldwide to send and receive Bitcoin on the Lightning Network instantly, securely, and inexpensively. The company expects the Lightning Network to be a force for global change and the monetary exchange of the future – and with this expectation, it has invested its own Bitcoin assets into the Lightning Network to facilitate node growth.

LQwD’s worldwide nodes include Italy, Indonesia, Canada, France, Japan, England, Bahrain, South Africa, South Korea, Sweden, Singapore, Hong Kong, Brazil, Germany, India, Ireland, and the United States. The company has seen substantial growth in the capacity of its active nodes on the Lightning Network, with US-West holding the highest capacity thus far at 5.970784520 BTC and a channel count of 115. The next highest capacity node owned by the company is France, with a capacity of 2.62276941 BTC and 57 channels. The company’s node across the Lightning Network have now forwarded over 100 BTC, equivalent to just over US $3,000,000. 

The cryptocurrency market size was valued at US $1.6 billion in 2021. It is expected to reach US $2.2 billion by 2026, growing at a CAGR of 7.1% over the forecast period. This growth is attributed to the economic conditions and the rise in demand for cryptocurrency across various applications. The launch of various hardware and software companies has been a driving factor in the industry’s growth (https://ibn.fm/Y7qtF).

LQwD is leveraging these factors to set sights on increasing the number of nodes available on the Lightning Network. The company plans to activate more nodes worldwide, increasing its presence as a trusted PaaS on the 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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