- LQwD currently has Lightning Network nodes in 17 countries with a goal of 24 by the end of Q4 2022
- The current LQwD nodes have already processed over 10k transactions, and the number is climbing
- The global cryptocurrency market was valued at US $1.49 billion in 2020. The market is projected to reach US $4.94 billion by 2030, growing at a CAGR of 12.8%
LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF) continues to move forward with its endeavors on the Bitcoin Lightning Network. The company currently has active nodes spanning 17 countries, including the U.S., Ireland, India, Germany, Brazil, Hong Kong, Singapore, Sweden, South Korea, South Africa, Bahrain, Indonesia, Italy, France, Canada, England, and Japan. These nodes range in capacity from 0.050000000 BTC to 5.700269470 BTC. The longest running node within the company’s selection is US-West, released in November 2021.
LQwD’s mission is to offer platform-as-a-service (“PaaS”) for the Lightning Network nodes and payment channels, be a network service provider that offers routing and liquidity services, and accumulate Bitcoin as a treasury reserve asset for staking and liquidity. The company’s flagship PaaS offering, https://lqwd.tech/, was released in November 2021. The PaaS features a sophisticated backend functionality and was designed to be scalable and flexible, positioning needed for the growth of the network.
The LQwD Board currently consists of Shone Anstey, Ashley Garnot, Pino Perone, and Kim Evans (https://ibn.fm/Huddc). Shone Anstey is the Chairman and CEO of LQwD. He has over 20 years of experience building complex technologies and software. He has worked with cryptocurrency since 2012 and acted as a technology lead for an industrial Bitcoin mining and mining pool. Shone’s experience in cryptocurrency has afforded him titles of Certified Bitcoin Professional and Certified Cryptocurrency Investigator.
Ashley Garnot is currently in charge of corporate communications and brand awareness programs for TSX-listed TAG Oil, Ltd. Her completion of the Canadian Securities Course, her strategic problem-solving skills, and broad knowledge of US and Canadian corporate and board-level relationships have made her an asset to the LQwD Board. She also holds an advanced merchandising diploma.
Pino Perone is LQwD’s Corporate Secretary and has more than a decade of experience serving as an executive and director for private and publicly listed companies. He is a lawyer by trade with expertise spanning securities, corporate commercial, M&A, capital market matters, regulatory compliance, and corporate governance.
Kim Evans is a CPA with extensive experience in the corporate securities, junior mining, and technology sectors. She has over two decades of experience in directorial and officer roles for publicly listed companies on the Canadian Exchange.
As LQwD presses forward to become a top liquidity service provider, the knowledge and experience of the board will prove crucial to its efforts. By the end of Q4 2022, LQwD hopes to have active nodes in 24 countries worldwide (https://ibn.fm/SpE5i). The current nodes have already facilitated over 10k transactions and are climbing. As a publicly traded company, LQwD hopes to enhance public trust in the products and services to scale the Lightning Network as a premier cryptocurrency transaction platform.
According to Allied Market Research, the global cryptocurrency market size was valued at US $1.49 billion in 2020. The market is projected to reach US $4.94 billion by 2030, growing at a CAGR of 12.8%. Driving factors for cryptocurrency adoption are operational efficiency, transparency, and the rise in demand for remittances in developing countries (https://ibn.fm/43tXm).
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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